Interested in training for your team? Click here to learn more

New FERC Energy Storage Rule: Framework for Creating Participation Models

Expanded Use of Storage Resources, Development of Rules, Impact on Resources and Existing Potential Fleets

Recording of a 90-minute premium CLE webinar with Q&A

This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

Conducted on Thursday, May 3, 2018

Recorded event now available

or call 1-800-926-7926

This CLE course will guide energy counsel on implementing the new Federal Energy Regulatory Commission (FERC) rule regarding energy storage. The panel will examine the new rule and its definitions and framework. The panel will discuss what the rule means for the energy industry, explain what to expect, and outline how to prepare to move forward.

Description

On Feb.15, 2018, FERC issued a significant rule to expand the use of battery storage, flywheel and other energy storage resources’ (ESR) participation in regional wholesale markets. FERC determined that “better integration of ESR into the regional transmission organizations and independent system operators (RTO/ISO) markets is necessary to enhance competition and, in turn, help to ensure these markets produce just and reasonable rates.”

The rule represents a substantial step toward incorporating newer storage resources into RTO and ISO markets. The reforms should incent developers to design and invest in new technologies and will present an enhanced opportunity for utilities to deploy more utility-scale storage resources on either the distribution or transmission system.

The new rule requires ISOs to reconsider the structure. ISOs will need to create participation models through a stakeholder process to ensure compensation for characteristics and attributes that energy storage provides but for which it is not being compensated.

Listen as our authoritative panel examines the new rule, its definitions and the framework it lays out. The panel will discuss what the new rule means for the energy industry, and what to expect and prepare for going forward.

READ MORE

Outline

  1. The new FERC rule and its framework
  2. Understanding FERC’s definition of “storage resources”
  3. How organized markets are expected to react to the new rules
  4. Impact of the rule on further development of resources and/or existing (or new) potential fleets (i.e., peaker units, coal, gas, etc.)
  5. Preparing for going forward

Benefits

The panel will review these and other key issues:

  • How does FERC define storage resources and what does that mean?
  • What can be expected from the organized markets about the development of rules?
  • What impact will the rule have on the further development of resources and/or existing (or new) potential fleets?

Faculty

Hinds, Elliot
Elliot Hinds

Partner
Crowell & Moring

Mr. Hinds focuses his practice on corporate and energy matters. He works extensively on M&As, debt financings,...  |  Read More

McAllister, Levi
Levi McAllister

Partner
Morgan, Lewis & Bockius

Mr. McAllister advises clients subject to regulatory oversight in the natural gas, crude oil, natural gas liquids, and...  |  Read More

Access Anytime, Anywhere

Strafford will process CLE credit for one person on each recording. All formats include course handouts.

To find out which recorded format will provide the best CLE option, select your state:

CLE On-Demand Video

Download