Today’s LiveWire Spotlight examines 29 sets of post-event responses to two FERC-sponsored conferences held last year to explore options that enable the electricity markets to deal with the increasing penetration of variable resources. The feedback came from the ISO/RTO market organizers, participants, financiers, and public interest groups. The respondents offered FERC a range of solutions to incentivize baseline resource owners to participate in the markets even as their units are repurposed as rapid-response imbalance reserves.
FERC is considering the testimony from the two market reform conferences and the ensuing commentary. We expect them to follow with a Notice of Proposed Rulemaking to launch their preferred strategies, but it could take a while given the complexity of the topic.