The Federal Regulatory Energy Commission recently passed a mandate to support energy storage technologies that can provide quick bursts of power to the grid to help it run more smoothly.
(Gigaom) - The Federal Regulatory Energy Commission recently passed a mandate to support energy storage technologies that can provide quick bursts of power to the grid to help it run more smoothly. This new rule could play a crucial role in nurturing the growth of the young energy storage market, though energy storage companies won't be the only beneficiaries of the new rule.
Grid Operators are required to pay more to companies that can provide the fastest and most accurate frequency regulation services.
Energy storage businesses, from technology developers to energy storage farm operators, particularly those using flywheels and batteries.
Grid operators will have to come up with rules and pricing for frequency regulation. The FERC rule mandates two compensations: one is a "capacity payment" for being ready and set aside power to provide the service anytime. The second payment will be based on how fast and accurate they can deliver the service.
If you would like to hear more about current rules, regulations, policies and costs of energy storage, make sure to check out the marcus evans 2nd Annual Electric Energy Storage Conference, January 10-12, 2012 in Phoenix, AZ.
Hear from EPRI, Midwest ISO and Southern California Edison on "Evaluating and Updating the Regulatory Environment for Storage" and from Duke Energy on "Implementing Energy Storage in Current Regulatory Environment Structures".
Join your industry peers at this highly intensive, content-driven event that includes case studies, presentations and panel discussions over two full days.
For more information, please contact Michele Westergaard at 312-540-3000 ext. 6625 or Michelew@marcusevansch.com.
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