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Policy and Markets

Electric Power Market Design Study

Description

Design a wholesale electric power market for a composite energy product that includes energy and ancillary/reliability services. Multiple resources, including electric energy storage (EES) resources, should be permitted to provide these services with proper recovery of a revenue stream for services provided, without bias. This market design should:
a.) support a business case for EES
b.) have broad applicability across several ISOs
c.) be implementable in one ISO