ISO New England, the folks who run the six-stage power grid, had filed a proposal with FERC, the federal group that regulates electricity, for ways to integrate batteries and other fast-acting storage into its energy markets. Here’s their news release, and here is Greentech Media’s take.

This stuff really pegs the MEGO Meter (as in “my eyes glaze over”) – it’s boring and convoluted beyond belief. But it’s important, because without rules and regulations for consistent operation and monetary return, new technologies won’t get used to any degree.

A key point from the Greentech Media story:

Since the late 1970s, however, ISO New England has had a lot of pumped hydro, now accounting for nearly 2,000 megawatts of power and nearly 12,000 megawatt-hours of stored energy. These turbine-powered, water-moving batteries now participate in ISO-NE markets either as a generator when they’re discharging, or as a “Dispatchable Asset Related Demand” when they’re charging.

To capture these features in the market design, ISO-NE has created a set of rules meant to “provide a means for batteries (and other storage technologies capable of continuously and rapidly transitioning between charging and discharging) to participate simultaneously in the energy, reserves, and regulation markets.”

As I said, pretty dull. But pretty important.

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