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Procurement of energy storage projects by Phase I and Phase II Utilities. A. In procuring energy storage projects, each Phase I or Phase II Utility shall use competitive bidding to the extent practicable, consistent with § 56-233.1 of the Code of Virginia.
APCo and Dominion are subject to 20 VAC 5-335-30 through 20 VAC 5-335-70, relating to the establishment of certain minimum interim energy storage targets, procurement of energy storage projects, behind-the-meter incentives, non-wire alternative programs, and peak demand reduction programs.
The act puts the state on the path to 100% renewable and clean energy by 2050, brought Virginia into the New England and Mid-Atlantic US Regional Greenhouse Gas Initiative (RGGI) alongside 11 other states and introduced a 3.1GW target for energy storage deployment by 2035.
The action establishes Regulations Governing the Deployment of Energy Storage (20VAC5-335) to set minimum interim targets for Phase I and Phase II Utilities to conduct annual competitive procurement for energy storage and require each Phase I or Phase II Utility to propose behind-the-meter incentives, non-wires alternative programs, and peak ...
Virginia''s clean energy policies introduced during 2020 included the US'' biggest state-level target for deployment of energy storage – and the state''s regulator has now introduced the rules intended to enable achievement of that target.
In 2020, Virginia became the seventh US state to adopt energy storage procurement goals for utilities. This was achieved with the passage of the Virginia Clean Economy Act (VCEA) by the General Assembly.
legislation includes a 3,100 MW energy storage target by 2035, making Virginia''s storage target the largest in the nation. Key provisions include: • A requirement that utilities procure 3,100 MW of new energy storage by 2035; • At least 35% of storage MW must be procured from third parties;
Approximately 16 states have adopted some form of energy storage policy, which broadly fall into the following categories: procurement targets, regulatory adaption, demonstration programs, financial incentives, and consumer protections. Below we give an overview of each of these energy storage policy categories. Procurement Targets
assessing costs and benefits of energy storage installations; assessing energy storage deployments in the bulk market, utility system, and behind-the-meter; and investigating barriers, incentives, and targets.
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