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FERC approves Rule to ease entry of electric storage technologies into U.S. power markets

Highlighting its desire to support renewable energy in the U.S. power market, this month FERC approved a Rule which would “properly recognize the physical and operational characteristics of electric storage resources . . . [and] ‘enhance competition and promote greater efficiency in the nation’s electric wholesale markets . . . .’” The Rule is a win for renewable energy, because although wind and solar power can be intermittent, electric storage resources, such as batteries, help mitigate this problem. In November 2016, FERC found that the then “existing market rules that governed traditional electric generation resources created barriers to entry for electric storage technologies.”

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