Archive: December 2018

1
2nd Annual Energy Storage Conference
2
K&L Gates Blockchain Energizer – Volume 39
3
Making Room for Electric Storage: RTOs/ISOs Propose Changes to Their Market Rules to Comply with FERC Order 841

2nd Annual Energy Storage Conference

Market Trends, Opportunities, and Developments for Global Storage Projects

Energy Storage Handbook Now Available Online!

We thank you for joining us at the 2nd Annual Energy Storage Conference. A special thank you to our co-sponsors, the Energy Storage Association and the Edison Electric Institute. We hope you enjoyed the day’s discussions.

If you were unable to join us this year, we encourage you to check out the newest edition (Version 3.0) of our K&L Gates Energy Storage Handbook, available here.

We look forward to having you join us again in the future.

K&L Gates Blockchain Energizer – Volume 39

There is a lot of buzz around blockchain technology and its potential to revolutionize a wide range of industries from finance and health care to real estate and supply chain management. Many institutions and companies are forming partnerships to explore how blockchain ledgers and smart contracts can be deployed to manage and share data, create transactional efficiencies, and reduce costs.

Across the energy industry, market participants have formed consortiums, and launched pilot programs testing blockchain-based use cases that could transform energy markets. State regulators, too, are engaging the industry on blockchain’s potential. Every other week, the K&L Gates’ Blockchain Energizer will highlight emerging issues or stories relating to the use of blockchain technology in the energy space. To subscribe to the Blockchain Energizer newsletter, please click here.

IN THIS ISSUE

  • KEPCO Plans to Develop an “Open Energy Community” via a Blockchain-based “Future Micro Grid.”
  • Shell and Other Oil Companies Test Blockchain-based Crude Oil Trading on Vakt.
  • Energy Web Foundation Collaborates With Wirepas and Siemens.

To view more information on theses topics in Volume 39 of the Blockchain Energizer, click here.

Making Room for Electric Storage: RTOs/ISOs Propose Changes to Their Market Rules to Comply with FERC Order 841

By Abraham F. Johns, William M. Keyser, and Toks A. Arowojolu

On December 3, 2018, the Regional Transmission Organizations (RTOs) and Independent System Operators (ISOs) filed proposed market rule changes to provide energy storage resources with greater opportunities to participate in the wholesale markets as required by Federal Energy Regulatory Commission (FERC) Order No. 841. These widely anticipated FERC filings will likely provide the framework for how energy storage resources will be developed and used in the coming years.

In February 2018, FERC released Order No. 841, which requires each regional grid operator to revise its tariff to establish a participation model that allows energy storage resources to participate in the organized wholesale markets and sell the relevant products offered by each market. K&L Gates covered the details of this Order in a blog post and in the Energy Storage Handbook.

FERC set a deadline for each RTO/ISO to submit a compliance filing including tariff revisions by December 3, 2018. We have provided links to the compliance filings for each RTO/ISO below. The deadline for public comments on the filings is December 24, 2018 by 5 p.m. Each RTO/ISO has until December 3, 2019 to implement the changes. Considering the holiday season, some commenters may request an extension on this comment deadline. We will continue to monitor the development of these proceedings.

Copyright © 2018, K&L Gates LLP. All Rights Reserved.