- Mar 19, 2021 2:33 pm GMT
These recommendations, from a very influential group of representatives from the Consumer side of the electric grid, contain practical improvements that should be incorporated into any wholesale capacity market solution aiming to ensure a resilient and clean grid that satisfies State Energy goals while acquiring sufficient resources for grid reliability.
I commend the Industrial Energy Consumers of America for bringing this important information into view for the Congressional committees that can influence energy legislation to improve overall grid resiliency, across the nation.
"With extreme weather events causing more frequent outages, now is the time for Congress to help ensure that the benefits of interconnected regional grids, as well as organized wholesale markets, can be realized in all parts of the country while ensuring that the independent governance of RTOs are more accountable to local customers and states."
"Ensure that state authorities and local customers are protected in the decision-making processes of existing and emerging wholesale electricity markets while providing a level playing field for clean energy generation."
"Organized wholesale electricity markets play a pivotal role, enabling grid reliability, promoting energy efficiency, and increasing savings for consumers as well as decarbonization."
Wholesale market participants in ISO New England and PJM markets are actively engaged in discussions to address requirements for resiliency, resource adequacy and the need for capacity market reforms. The need for stakeholder collaboration across regulators, suppliers, consumers and all parties with an interest in finding a solution to ensure a reliable electric grid is most obvious from these discussions, currently underway.
Reliable Energy Analytics LLC, wholeheartedly endorses the analysis and recommendations presented by Industrial Energy Consumers of America in their letter to Congress.
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