TORONTO--(BUSINESS WIRE)--ENBALA Power Networks™, a Toronto-based company that pays large electricity users to connect to the Smart Grid, has been approved by the Federal Energy Regulatory Commission (FERC) to participate in US wholesale electricity markets.
ENBALA’s application for market-based rate authority was approved by FERC on Wednesday. Effective Nov. 1, ENBALA is authorized to participate in the wholesale electricity markets as a category 1 seller and will have market-based rates authority for the sale of electric energy, capacity and ancillary services on a commercial basis. The FERC ruling permits ENBALA to participate in the following markets: PJM Interconnection, New York Independent System Operator, ISO New England, California Independent System Operator and Midwest Independent Transmission System Operator.
“We’re excited to receive this approval from FERC and we look forward to connecting demand-side loads to our Grid Balance solution to increase the electric power grid’s efficiency and reliability,” said Ron Dizy, President and CEO, ENBALA Power Networks. “ENBALA is offering an innovative Smart Grid solution and FERC has recognized that demand-side energy management has a growing place in the future of the system.”
Grid Balance is the continuous, real-time balancing of the electricity grid using demand-side loads. Grid Balance is also known as Regulation Service by electricity system operators.
ENBALA has successfully completed pilot projects with electricity system operators, including PJM, the largest integrated electricity market in the world, covering all or part of 13 states and the District of Columbia, including Pennsylvania, New Jersey and Maryland.
About ENBALA Power Networks™
ENBALA Power Networks™ operates a state-of-the-art Smart Grid network that pays industrial, commercial and municipal electricity users to deliver intelligent demand-side Grid Balance to their regional electricity systems while helping to create a more robust and reliable electric power grid. For more information, visit www.enbala.com.