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FERC on Energy Storage and Uplift Cost Allocation
FERC on Energy Storage and Uplift Cost Allocation
Jan 23, 2017
by Margarita Fournier; Copyright 2016 by Competitive Assets, LLC. All rights reserved
On 1/19/17, FERC addressed at least two issues: cost recovery by electric storage resources and reforms to uplift cost allocation. On the first, FERC issued a press release, noting that its policy statement provides additional guidance for electric storage resources that seek concurrently to recover their costs through cost-based and market-based rates. It also helps ensure that these resources can operate at maximum efficiency to benefit the electric system and consumers. A related presentation, LaFleur’s statement, and the Policy Statement have all been posted.
On the second issue, FERC also published a news release, stating that it “issued a Notice of Proposed Rulemaking (NOPR) that addresses uplift cost allocation practices that FERC believes are inconsistent with cost causation and may distort market outcomes, resulting in rates that are not just and reasonable. Uplift refers to payments that a regional grid operator makes to a resource whose commitment and dispatch result in a shortfall between the costs in the resource’s offer and the revenue earned through market clearing prices. A related presentation and the NOPR have been posted
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