Financial Transmission and Storage Rights presented by Josh Taylor

Financial Transmission and Storage Rights presented by Josh Taylor
Posted: 20 Apr 2017
Josh Taylor
Primary Committee:
IEEE Smart Grid Webinar Series
Time: 01:00:17

The intermittency of wind and solar power make it difficult to balance the supply of and demand for electric power. Energy storage and flexible load aggregations can solve this problem by storing power in times of surplus and releasing power during deficits. Presently, high costs and technical complexity hinder the use of storage and load flexibility in power systems.

In this webinar, we present the financial storage right, a new market mechanism that enables storage to participate in electricity markets in the same manner as transmission lines, and further enables risk-averse market participants to hedge against price volatility due to congestion.

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