Chip Cannon Quoted in E&E News on NYISO’s Efforts to Boost Battery Storage
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Akin Gump energy regulation, markets and enforcements practice head Chip Cannon has been quoted in the E&E News article “N.Y. grid operator kicks off rules to boost battery storage.” The article reports on a move by the New York Independent System Operator (NYISO) to remove a key barrier for adding energy storage technologies to the power grid and integrate resources such as batteries into its wholesale electricity markets.
According to E&E News, the new rules follow a recent federal court decision upholding the Federal Energy Regulatory Commission’s (FERC) Order No. 841, first issued in 2018, allowing distribution-level energy storage technologies to participate in regional wholesale markets, not just at the retail level.
Cannon said the order was a “landmark” one in that it opened additional revenue streams to energy storage resources.
“It’s extremely significant for the energy storage industry,” he said. “But it has taken almost two and a half years for the [grid operators] to revise their market rules and for FERC to accept them. NYISO is the first market through the gate in terms of complying with the requirements of Order No. 841.”
The nation's six remaining regional grid operators have submitted their own market rule changes to FERC and are on track to implement them, Cannon said.