FERC’s electric storage final rule seen as likely to impact peakers, scarcity pricing

摘要

The commission’s new rule mandating the integration of electric storage into wholesale power markets is likely to affect the viability of peaking resources and mitigate power price spikes during scarcity events, according to market observers. Earlier this month, FERC approved a final rule requiring each independent system operator to alter its tariff to create market participation rules recognizing and accommodating the physical and operational characteristics of storage so it can participate in wholesale power markets. ISOs have up to 270 days after the rule’s publication in the Federal Register to file necessary tariff changes and 365 days thereafter to implement the changes.