• FERC Acts to Help Entry of Renewable Resources, Increase Competition in Grid Service Markets, and Revise Reporting Procedures
  • July 4, 2012 | Author: William L. Massey
  • Law Firm: Covington & Burling LLP - Washington Office
  • At its recent public meeting, FERC took two actions to help the entry of clean electric generating resources and to improve competition and efficiency in wholesale power markets. FERC approved new rules to integrate Variable Energy Resources, such as wind and solar generators, into the electric grid. FERC also proposed new rules to ease restrictions on selling ancillary (grid balancing) services that may be impeding the development of competitive markets for those services, and proposed accounting and reporting requirements for new electricity storage devices, such as flywheels and large batteries, which can provide ancillary services. In another action, FERC proposed revised procedures for jurisdictional public utilities to file quarterly data regarding service agreements and sales and purchases.