California and FERC Order 2222 – A Case Study on What We Might Expect
- Jan 25, 2022 11:13 am GMT
This item is part of the Power Industry 2022 Trends & Predictions - January 2022 SPECIAL ISSUE, click here for more
As we inch closer to February 2022, the energy industry is preparing and closely watching what FERC Order 2222 will bring. According to FERC, it is heralded as the regulatory vehicle that will enable Distributed Energy Resources (DER) and their aggregators to participate alongside traditional generation resources in the regional wholesale markets. More specifically, it will “provide a variety of benefits including lower costs for consumers through enhanced competition, more grid flexibility and resilience, and more innovation within the electric power industry.” Given the proliferation of DERs and the forecasted projections, the industry concludes the installed capacity and output will continue to rapidly grow over the next few years. Developing a regulatory landscape makes sense to not only ensure fair and competitive practices, but to also manage risks, both in grid reliability and cybersecurity.
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