Are you interested in increasing your understanding of the wholesale energy markets in New York State and the opportunities for energy storage to participate in those markets?
NY-BEST and its partners, ICF, Customized Energy Solutions, and Autumn Lane Consulting, have teamed together to provide a four-part recorded webinar series to provide busy professionals with the essential information you need to understand the current and evolving opportunities for energy storage in New York’s bulk power markets.
The course is presented in four one-hour webinars available live and recorded.
Topics: This class will provide attendees with an overview of the structure of the NYISO and New York’s wholesale electricity markets. Presenters will provide information summarizing the State’s load and capacity data, fuel mix, and future trends. This class will explain the different NYISO markets, including:
- Energy Market (day ahead and real time markets);
- Capacity Market (zones, demand curve, mitigation, price history and trends); and
- Ancillary Services Market (frequency regulation, spinning reserves)
Presenters will also discuss New York State’s major energy-related policy initiatives, including the Reforming the Energy Vision (REV), renewable energy goals, climate protection goals, energy storage goals and the interplay with NYISO and the bulk power markets.
Topics: This class will provide a summary of the existing opportunities for energy storage to participate in NYISO’s markets as well as opportunities for energy storage at the distribution system level. The session will cover:
- Capacity Market zones and rules;
- Local capacity requirements;
- Duration requirement for capacity rating;
- Day Ahead and Real Time Energy Market – hourly vs. 5-minute settlements;
- Energy Limited Resources, LESR;
- Installed Capacity Special Case Resources (ICAP-SCR) and ISO Demand Response programs; and
- Other Ancillary Services
The class will include an overview of interconnection requirements and an introduction to the NYISO market mitigation rules.
Topics: This class will review FERC Order 841, its requirements and NYISO’s proposal in response to the Order. Broadly, the order requires the ISO to allow energy storage to participate in all ISO markets that it is technically able to serve and to submit a compliance plan by the end of 2018 with implementation by the end of 2019. We will review the following: NYISO’s relevant working group/committee activities and decision-making process; NYISO’s proposed timeline to address FERC Order 841, as well as NYISO’s initial proposals intended to comply with the Order, including a discussion of state of charge management and proposed changes to NYISO markets and products. We will also discuss ways that energy storage developers can engage in and inform NYISO’s processes.
In the final class of the Course, we discuss future NYISO initiatives that will likely impact energy storage. These topics include both planned and potential initiatives, such as: NYISO DER Roadmap (participation of distributed resources and aggregations of resources); Dual participation (distribution/customer revenue and ISO market participation); Energy storage as an alternative and T&D; Exploration of ramp rate product, intra-hour settlement of reserves, duration for capacity rating; Buyer side mitigation; and Carbon Pricing.
In partnership with: