Kicking the Tires on Order 841: Diving into Details, Opportunities, And Challenges
A recording of this webinar is available for public viewing (below)
In February, FERC unanimously approved Order 841, a landmark rule directing regional market operators to allow energy storage resources to compete in wholesale markets. The Brattle Group estimates that implementation of Order 841 could unlock 7,000 MW of economic energy storage as costs continue to decline. While Order 841 is a key step in increasing the flexibility of the electric system – thus representing a potential opportunity for the energy storage industry – the rule gives significant latitude to regional market operators to determine just how they will comply.
Attendees of this webinar learned:
- What is the opportunity for storage unlocked by Order 841?
- What components of Order 841 are most advantageous for energy storage participation and economics?
- What components of Order 841 present future challenges for energy storage participation and economics?
- On what topics do the RTOs/ISOs have latitude to choose how to implement, and what are the opportunities or threats in the exercise of that discretion?