Greentech Media covered FERCs rejection of the latest proposal from New York's grid operator to allow renewable energy and battery resources to compete against fossil fuels in its wholesale capacity market, quoting AEE's Jeff Dennis. Read excerpts below and the entire GTM piece here.
The Federal Energy Regulatory Commission has rejected the latest proposal from New York's grid operator to allow renewable energy and batteries to compete against fossil fuels in its wholesale capacity market. That may give the state's regulators and policymakers more reason to consider alternatives to federally regulated energy markets. In a Friday order, FERC’s Republican majority denied grid operator NYISO’s proposal to restructure what it terms its “buyer-side market power mitigation rules” to allow wind, solar, batteries and other carbon-free resources to compete against fossil-fueled power plants in its Installed Capacity Market...