The U.S. Federal Energy Regulatory Commission (FERC) has followed up on a two year long initiative to take policy action on energy market barriers. As the nation's energy generation and distribution continues to modernize, energy markets must become conducive to innovation. The new rule, adopted on February 15th, opens U.S. wholesale energy markets to energy storage on equal footing with traditional power systems by properly valuing the unique benefits of energy storage.
In the wake of Hurricane Maria, many Puerto Ricans have been left in the dark. The massive storm left the island’s electrical grid in ruins, and three weeks later, the vast majority of its population remains without electricity. It can be difficult to rebuild in the aftermath of such a large natural disaster, but solar energy has the potential to bring new light to the territory.
(image courtesy of Twitter)
On Wednesday night, the Department of Energy released its highly anticipated and debated grid study. Back in April 2017, Energy Secretary Rick Perry issued a memorandum requesting a study to examine electricity markets and grid reliability. Beyond an evaluation of the current status of the electricity system, the April 14 memo asked staff to “provide concrete policy recommendations and solutions.” To that end, DOE staff prepared a list of eight policy recommendations. Let’s break them down: