Dr. Joe Nyangon presented a webinar at the Utility Analytics Institute (UAI) on the Impacts of FERC Order 2222 on Asset Health.
UAI is a utility-led membership organization that provides support to the industry to advance the analytics profession and utility organizations of all types and maturity levels, as well as analytics professionals throughout every phase of their careers. UAI is poised at the cusp of digital transformation to lead this industry into the future.
Webinar Summary.
FERC Order 2222 has transformed the energy landscape by mandating regional grid operators to integrate distributed energy resources (DERs) into their wholesale markets. These DERs include solar photovoltaics (PVs), electric vehicles, energy storage, front-of-the-meter auxiliary load control resources, residential demand response devices like smart thermostats and water heaters, etc. However, implementing Order 2222 presents challenges and changes in responsibilities for RTOs/ISOs, transmission utilities, and distribution utilities. These challenges encompass market readiness, reliability certifications, communication, data sharing, ensuring a clear division of roles between distribution and transmission market operators, and managing scheduled outages, among other important considerations. Key considerations involve transparency, accountability, and the role of analytics in supporting DER aggregation and distribution networks to enhance market efficiency.