Following an overwhelming vote last week, commercial and industrial customer groups are now eligible to contribute to wholesale market demand response programs to enhance reliability and reduce energy costs.
Baltimore, October 16, 2023 /PRNewswire/ — SeaPower Energy (“power), the nation’s leading distributed energy resource (DER) monetization company and virtual power plant (VPP) provider, today expressed its support for the Missouri Public Service Commission’s (the “Commission”)’s decision to incentivize the development of VPPs in Missouri. The Commission’s order allows commercial and industrial customers to All around Missouri’s Investor-owned utilities to work with VPP providers to participate in demand response programs available from the state’s regional grid operators, the Midcontinent Independent System Operator (MISO) and the Southwest Power Pool.
Last week’s action comes after two years of investigation into the benefits associated with allowing DERs to play a more active role in the meeting Missouri’s Future energy needs with increasing reliance on electric cars, renewable energy, and smart devices interacting with the grid. CPower was actively involved in the proceedings leading to the recent Order, and looks forward to working with the Committee and… Missouri Facilities to continue providing innovative solutions to customers.
The decision is a win-win Missouri’s Energy users, businesses, utilities as well as the environment. By expanding access to bulk demand response programs, Missouri It will create new revenue streams for businesses while increasing energy reliability by diversifying the types of assets available to respond to grid needs. This, in turn, will help reduce carbon emissions and help keep energy costs low by helping the country manage growing energy demand, using the flexibility of customer demand to reduce the need to build new energy infrastructure.
“We applaud the Missouri Public Service Commission for its leadership in being the first MISO state with a traditional regulatory model that allows VPP providers and customers to contribute to grid reliability. This is innovation in action as a direct result of advances in public policy.” He said Peter Dotson Westfalen, Senior Director – Regulatory and Government Affairs, CPower. “We have worked with many facilities in Missouri In other jurisdictions we look forward to helping them leverage this new tool to deliver improved value and energy reliability to them.” Missouri Client.”
States across the Midwest are developing regulatory frameworks for DERs, such as demand response, in response to DERs Possible lack of energy capacity In the coming years the Federal Energy Regulatory Commission (FERC) Order No. 2222.
“Hopefully other Midwestern states will take a look at what it is Missouri You do it to unlock the benefits of VPPs. “By taking similar steps, the entire region can improve reliability and resiliency and foster a more sustainable and efficient grid across America’s heartland.” Ken SchislerSenior Vice President of Regulatory and Government Affairs, CPower.”
About CPower Energy
CPower Energy is the nation’s leading DER monetization and virtual power plant provider, creating a Customer Powered Network™ that will enable a resilient, clean and reliable energy future. With 6.3 GW of capacity at nearly 20,000 sites across the U.S., we unlock the full value of distributed energy resources to enhance the grid when and where reliable, dispatchable resources are needed most. CPower is headquartered in Baltimore, Maryland It is owned by LS Power, a development, investment and operating company focused on the power and energy infrastructure sector. For more information visit: www.cpowerenergy.com.
Source: CPower Energy Management
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