The Federal Energy Regulatory Commission (FERC) has issued a policy statement providing additional guidance for electric storage resources that seek to concurrently recover their costs through cost-based and market-based rates. The policy statement helps ensure these resources can operate at maximum efficiency to benefit the electric system and consumers.
Allowing electric storage resources to recover costs through both cost-based and market-based rates concurrently has raised issues that must be addressed. The policy statement provides guidance on those issues, detailing possible approaches for avoiding double recovery of costs. With regard to adverse market impacts, FERC is not convinced there will be a detriment to other market competitors. Finally, the policy statement offers guidance on coordination between grid operators and electric storage owners or operators to ensure independence.
For more information, visit www.ferc. gov or call (202) 502-6088.
