On March 30, 2021, FERC accepted the New York Independent System
Operator's (“NYISO”) proposed Co-located Storage
Resource (“CSR”) Participation Model to enable energy
storage resources (“ESRs”) paired with wind or solar
resources to share a common point of injection and participate in
the NYISO-administered markets. FERC's order accepted
revisions to NYISO's Energy and Ancillary Services
(“E&AS”) market rules, its metering rules, its
Interconnection Process, its Installed Capacity Market
participation rules, and its market power mitigation measures to
accommodate the interconnection and participation of an ESR that is
co-located with a wind or solar resource. Chairman Glick issued a
concurring statement addressing NYISO's application of
existing buyer-side market power rules to co-located ESR and
intermittent resources, urging NYISO “to move expeditiously
to replace those rules with a model that moves beyond the minimum
offer price rule as a means for mediating the
