NYISO gets FERC approval to add energy storage to real-time market settlement rules

Author Jasmin Melvin

Washington — Having received the nod from the Federal Energy Regulatory Commission, New York’s grid operator is moving forward with a proposal to prepare its real-time market settlement rules for the expansion of wholesale market participation by energy storage resources.

New York currently has about 30 MW of energy storage capability, all located downstate, but its grid operator anticipates that figure growing to more than 1,000 MW by 2025 and nearly …

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