In early 2018, the Federal Energy Regulatory Commission (FERC) issued Order No. 841, a landmark order that reset the stage for energy storage participation in wholesale markets. To comply with that rulemaking, Regional Transmission Organizations (RTOs) and Independent System Operators (ISOs) were directed to propose tariff changes that will guarantee the full and fair participation of energy storage resources in organized markets by the end of 2019. Now that grid operators have submitted their proposals to FERC, utilities, storage developers, and investors will need to understand how the market design changes will unfold, where the market opportunities will be, and key questions on the FERC rulemaking that are yet to be answered.
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