FERC Grants NYISO Three Year Extension In Implementing Order 2222

Late last week, the Federal Energy Regulatory Commission granted the NYISO's mid-November extension request to move the implementation date of certain tariff revisions that will allow distributed energy resources ("DERs") and DER Aggregations to fully participate in the NYISO's markets from Q4 2022 to December 31, 2026. The NYISO's Order 2222 compliance saga has been an ongoing series of NYISO filings and corresponding FERC orders, resulting in the bifurcation and staggered implementation of the NYISO's proposed market design.

The NYISO's initial market design changes, which will facilitate the participation of DERs and DER aggregations in the NYISO's wholesale markets, will be implemented in 2023. These tariff changes include: (i) establishment of eligibility criteria for DERs and DER Aggregations to participate in the wholesale market;s (ii) rules for participation in the installed capacity market; (iii) interconnection requirements; and (iv) rules for