31 Oct '17, 12pm

Flexibility, Not Resilience, Is the Key to Wholesale Electricity Market Reform

Flexibility, Not Resilience, Is the Key to Wholesale Electricity Market Reform

Fix market rules to unlock flexibility of existing resources. In one example, system operators can create a net generation product for distributed resources that enables aggregators to participate via fleets, making the size threshold as small as possible. NYISO’s Behind-the-Meter net generation resource allows behind the meter storage to participate in wholesale electricity markets, including being dispatched beyond the meter. Create and modify products to harness the flexibility of existing resources and incentivize new flexible resources. Higher scarcity pricing and reserve adders are one of many ways to do this. ERCOT’s high scarcity price and Operating Reserve Demand Curve adder creates additional value for flexible units during times of system stress. Where necessary, system operators can create new products for flexibility or products that reward flexible resources,...

Full article: https://www.greentechmedia.com/articles/read/flexibility-...

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