Energy market design - defined as the framework and rules governing how energy markets operate, set prices, and are regulated to ensure efficient and reliable delivery of electricity - varies across the US depending on the Regional Transmission Operators (RTOs) or Independent System Operators (ISOs) in charge.
Each organization has a unique mix of energy sources, so market designs differ to make the best use of their infrastructure and tools.
As storage and renewable energy sources become more common generation types, market designs need to develop to keep up. How are policies being updated to support these new sources, improve grid flexibility, and ensure fair pricing?
In today’s episode, Quentin talks with Gary Cate, Director of Energy Market Analytics at Fluence USA. Over the conversation, Gary and Quentin cover:
- Key differences in market designs across RTO’s and ISO’s across the USA.
- ERCOT’s market design and its intended goals.
- How current market design supports battery energy storage.
- The key considerations for market designers with more renewables connecting to the grid.
- Policy hot topics for battery energy storage.
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About our guest
Fluence is on a mission to create a more sustainable future by transforming the way we power our world. Fluence brings proven energy storage products and services, and digital applications for renewables and storage to support the modernization of our energy networks. For more information on the services Fluence provides, check out their website
About Modo Energy
Modo Energy provides forecasts, benchamarking, data, and insights for new energy assets - all in one place.
Built for analysts, Modo helps the owners, operators, builders, and financiers of battery energy storage solutions understand the market - and make the most out of their assets. Modo’s paid plans serve more than 80% of battery storage owners and operators in Great Britain and ERCOT.
All of our podcasts are available to watch or listen to on the Modo Energy site. To keep up with all of our latest updates, research, analysis, videos, podcasts, data visualizations, live events, and more, follow us on Linkedin or Twitter. Check out The Energy Academy, our video series of bite-sized chunks explaining how different battery energy storage systems work. For more information on market design, check out our written research.