September 22, 2020
FERC approves final rule enabling DERs to compete in regional electric markets
Kelly Speakes-Backman, CEO of the Energy Storage Association, called it a landmark ruling. “FERC’s Order 2222 removes regulatory barriers to aggregation of distributed resources in wholesale electricity markets and is the next step forward for energy storage and other distributed energy resources. Energy storage is increasingly located on local electric grids, in households and businesses, and is often integrated with distributed generation and controllable loads. Enabling these flexible resources to participate together as ‘virtual power plants’ in wholesale markets is a victory for enhancing grid reliability, enabling a more resilient grid, and lowering costs for consumers,” Speakes-Backman said.
