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FERC’s Energy Storage Ruling Could Jump-Start Big Batteries
http://www.greentechmedia.com/articles/read/FERCs-Energy-Storage-Ruling-Could-Jump-Start-Big-BatteriesIf the price of grid-scale energy storage fell to zero dollars per megawatt-hour, regulators and utilities would still be puzzled in how to deploy the boon of energy storage.
That's because storage doesn't fit neatly into the electrical utility's regulatory universe of generation, distribution, and load -- or into the utility rate recovery structure.
But that regulatory uncertainty is starting to clear.
It started with FERC Order 755, enacted in 2011, a ruling from the Federal Energy Regulatory Commission (FERC) that increased the pay for “fast” responding sources like batteries or flywheels that are bidding into frequency regulation service markets. Flywheel energy storage operator, Beacon, sells into this market.
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