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FERC Order 2222: Key Concepts and Ongoing Steps Towards DER Aggregations in Wholesale Markets
December 5, 2022 @ 12:00 pm - 1:00 pm
FERC Order No. 2222 will help usher in the electric grid of the future and promote competition in electric markets by removing the barriers preventing distributed energy resources (DERs) from competing on a level playing field in the organized capacity, energy and ancillary services markets run by regional grid operators. This rule enables DERs to participate alongside traditional resources in the regional organized wholesale markets through aggregations, opening U.S. organized wholesale markets to new sources of energy and grid services. It will help provide a variety of benefits including: lower costs for consumers through enhanced competition, more grid flexibility and resilience, and more innovation within the electric power industry. The rule allows several sources of distributed electricity to aggregate in order to satisfy minimum size and performance requirements that each may not be able to meet individually. FERC staff will provide an overview of the rule’s requirements and the compliance efforts to date. Co-sponsored by: Federal Energy Regulatory Commission (FERC) Speaker(s): Joe Baumann, Chris Young Agenda: 12:00 PM – 12:05 PM – IEEE PES Baltimore chapter introduction of the Speaker 12:05 PM – 12:40 PM – Presentation by Speaker 12:40 PM to 12:55 PM – Questions and Answers (Q&A) Virtual: https://events.vtools.ieee.org/m/332440