5.3.3 Energy Storage

LPDD Recommendation: “States should adopt new laws or regulatory policies to create additional flexibility for how to classify energy stor­age projects for purposes of ratepayer recovery, or other means of rewarding energy storage initiatives, to facilitate greater integration of renewable energy into the grid.”

NYISO Market Rules for Energy Storage

Opens the NYISO’s wholesale energy markets to Energy Storage Resources (ESRs). This development makes the NYISO the first ISO/RTO to allow full participation of these resources.

New Hampshire’s HB 715 (2020)

Requires the PUC to find better payment model for energy storage companies that help utilities avoid transmission and distribution costs.

Connecticut’s HB 5002 (2019)

Authorized the electric distribution utilities to own and rate-base wholesale storage generation assets for the first time since electric restructuring was authorized in 1998.

Utah’s SB 115

Directed the Utah Public Service Commission to authorize certain funds for “innovative utility programs” designed to investigate, among other options, energy storage technology.

NJ’s A3723

Sets New Jersey’s energy storage target at 2,000 MW by 2030.