As markets are working toward the goal to provide more options for resources like generation, storage, and demand reduction to participate in wholesale energy markets, PCI is excited to celebrate our collaboration with customers to lead the charge in creating solutions for integrating distributed energy resources (DERs).
In this blog post, you’ll learn about the complexities and opportunities of integrating distributed energy resources (DERs) into existing energy frameworks, the innovative solutions PCI has developed to address these challenges, and the significant progress we’ve made in partnership with Consolidated Edison Company of New York, Inc.
We’ll also explore how our advanced software capabilities are facilitating DER participation and enhancing meter data management within the New York Independent System Operator (NYISO) energy market, paving the way for a more resilient and efficient energy ecosystem.
Unraveling complexity with innovative solutions for DER integration
Integrating DERs into existing frameworks poses challenges, particularly in terms of data collection and sharing. However, at PCI, we see these challenges as opportunities for innovation. PCI is actively monitoring market evolution to make sure we are ready for any changes. Through our advanced software capabilities and collaborative approach, we’re unraveling complexity and streamlining processes for DER integration and meter data management.
One area of focus is expanding our PCI Energy Accounting to model aggregated DERs, allowing for required data collection. PCI Energy Accounting supports necessary channels for collecting and calculating injection, withdrawal, and demand response along with data auditing by channel. PCI supports multi-directional meter data submissions. PCI’s robust data validation engine saves time by automatically validating good data and identifying and delivering potential meter errors.
Empowering participation in NYISO energy market
PCI’s partnership with Consolidated Edison Company of New York, Inc., is a testament to our commitment to embracing the latest DER advancements. Together, we’re opening up avenues of support for generation, storage, and demand reduction resources to participate in NYISO energy markets.
Read the PCI blog post, “New York Capacity Market Explained: A Guide to NYISO’s Energy Markets.”
PCI supports meter submissions via NYISO’s Metering API, which replaces the meter submission portion of the Settlement Data Exchange (SDX) system scheduled to be retired in June 2025. In the past, a single, netted value was submitted for each resource. In the NYISO energy market, there will now be three channels, including injection, withdrawal, and demand response.
Demand response is a calculated delta value between the customer baseline load and net metered load for the scheduled hours for each demand side resource or aggregate. These channels will be used for both telemetry data (real-time operations) and revenue-grade data (post-market settlement).
New reporting channels provide better visibility into grid operations, paving the way for future market mechanisms. It also allows NYISO to settle appropriately. DERs can be participating just like a traditional generator and be compensated through locational marginal pricing, or they might be used for ancillary services on the grid. In this case, there may be dedicated change codes for those services.
As part of our efforts, we are also closely following the implementation of FERC Order 2222, which aims to facilitate the participation of distributed energy resource aggregations in wholesale markets. This order represents a significant step toward modernizing energy markets and ensuring fair access for all resource types.
Looking ahead
While the benefits of integrating DERs are undeniable, it comes with its own set of challenges. Complex data collection and sharing among aggregators, utilities, operations, energy markets, etc., pose significant hurdles. However, through collaborative efforts and innovative solutions, we’re confident in overcoming these challenges and driving meaningful progress in the DER landscape.
As we continue to push the boundaries of innovation, our partnership with customers remains at the forefront of our efforts. Together, we’re pioneering the next generation of energy solutions, reshaping the way we produce, consume, and manage energy. With a shared vision for a sustainable future, we’re excited to embark on this journey toward a more resilient and efficient energy ecosystem.
Discover more about DER integration with our webinar
To dive deeper into the intricacies of managing Distributed Energy Resources, we invite you to watch our informative webinar, “How Con Edison Integrated DERs and Manages Their Impact on Meter Data Management.” In this webinar, you’ll gain valuable insights from industry experts on overcoming the challenges of DER integration and enhancing energy accounting practices.
