FERC decision last week mandating the integration of electric storage into wholesale power markets is likely to affect the viability of peaking resources and mitigate power price spikes during scarcity events, and spur additional investments in energy storage outside of ERCOT. At the same time, the PUCT denied the AEP application to integrate storage, without prejudice “because any such declaration could limit unnecessarily the future use of energy-storage devices in the Electric Reliability Council of Texas”. Instead, the PUCT initiated a rulemaking project “to establish a regulatory framework that will allow for the efficient and appropriate use of energy-storage devices as well as other technologies” as non-wires alternatives for electric delivery (Project No. 48023). Read full article here.