1. NYISO allows full participation for energy storage in wholesale power markets

    NYISO allows full participation for energy storage in wholesale power markets

    The New York Independent System Operator (NYISO) Sept. 8 announced it would allow full participation of energy storage resources in NYISO's wholesale energy markets.

    NYISO's action is in response to the Federal Energy Regulatory Commission's Order 841, directing regional transmission organizations (RTOs) and independent system operators (ISOs) to remove barriers to energy storage from participating in energy, capacity, and ancillary service markets, Richard Dewey, NYISO president and CEO, said.

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  1. Quotes

    1. We're aware there's a lot of developer money sitting on the sidelines waiting for markets to open up.
    2. Since storage sits at the intersection of state policy and wholesale market operations, its ability to reduce costs of service and lower emissions depends on how conflicts over clean energy policy are resolved.
    3. This has been a hurdle for developers in the past and today's action removes the barrier to help unlock some of the nearly 20 GW of pumped storage hydro projects that are in development.
    4. Ensuring that market rules fully value pumped storage hydro resources is crucial to expanding this technology's potential.
    5. The next key frontier for storage's eligibility will be for hybrid resources, particularly storage paired with solar.
  2. Topics Mentioned

  3. Categories

    1. Electricity Source:

      Fossil Fuels, Solar Photovoltaic, Wave, Tidal, Hydro, Wind
    2. Storage Market:

      Commercial & Industrial, Market forces, Microgrid & Community, Military, Residential, Smart Grid, Utility Grid, Vehicle-to-Grid/Home
    3. Storage Technology:

      Compressed Air/Gas, Flow Battery, Flywheel, Hydrogen, Lead, Liquid Metal, Lithium, Magnesium, Mechanical Storage, Nickel, Pumped Hydro, Sodium, Supercapacitors, Thermal, Vanadium, Zinc
    4. Article Types:

      Null, Reports and Conferences