The Pathways for Expanding Wholesale Market for Storage
Energy storage has already found success in expanding wholesale opportunities in regional markets – though current regulations limit competition to certain applications. With FERC rulings providing new guidance to energy storage participation, each of the ISO/RTO markets are at different stages of adapting to energy storage systems being interconnected to the transmission grid.
FERC has previously ruled that energy storage is eligible to be used as capacity, energy, and ancillary services – as well as providing transmission support. But until recently, the rules and regulations governing market participation have largely excluded energy storage systems from providing their full suite of benefits, or even participating at all.
These markets are quickly evolving though – and energy storage is entering a new era wholesale market opportunities that will continue to drive the growth of the storage system deployments.
This panel features FERC and wholesale market experts discussing upcoming changes and stakeholder processes with ISO/RTO executives leading market design processes and implementation.