Six regulatory and transactional items to be aware of in light of New York Independent System Operator’s (“NYISO”) new battery storage markets rules -

1. In 2018, the Federal Energy Regulatory Commission (“FERC”) issued Order No. 841, which directed each Regional Transmission Organization (“RTO”)/Independent System Operator (“ISO”) to revise its tariff to establish a participation model consisting of market rules that facilitate electric storage resources’ participation in RTO/ISO markets. RTOs/ISOs must, among other things, ensure that a storage resource can be dispatched and can set the wholesale market clearing price as both a wholesale seller and wholesale buyer...