Following FERC Order 841, wholesale markets have moved to reforming the capacity accreditation of storage, setting up rules for hybrid resources, incorporating energy storage into transmission planning, and establishing a path for distributed storage aggregations. This panel of RTO/ISO executives will discuss the key market changes that will shape opportunities for energy storage in years to come.
Panel: Wholescale Change in Wholesale Markets
Greg Cook is the Executive Director of Market and Infrastructure Policy at the California ISO. In this position, Mr. Cook leads the department responsible for the design and evolution of the CAISO’s day-ahead and real-time markets as well as resource adequacy, distributed energy resources, and generator interconnection policies. Prior to taking on his current duties, Mr. Cook managed the CAISO’s Market Monitoring department and was responsible for monitoring and reporting on the CAISO’s Ancillary Service, Congestion Management, and Real-time Energy market behavior and rules, and the development of market monitoring indicators and measures to detect market participant behavior detrimental to the market. He has been with the California ISO since 2000.
Prior to joining the California ISO, Mr. Cook was a Policy Advisor to the Public Utilities Commission of Nevada where he advised Commissioners on economic principles related to the development of competitive energy markets. Mr. Cook started his career performing economic analysis for Montana Dakota Utilities where he analyzed competitive electric market risks and opportunities in the electric and natural gas markets.
Mr. Cook received an MBA concentrated in Regulatory Economics from New Mexico State University and a Bachelor of Science degree in Electrical Engineering from New Mexico State University. He has over twenty years of experience in the electric industry working extensively in the area of competitive wholesale electric markets.
Renuka Chatterjee leads MISO’s System Operations, overseeing day-to-day transmission reliability, generation dispatch and real-time operations processes that ensure efficient and reliable grid operations.
An employee of MISO since 2000, Ms. Chatterjee served in leadership positions within Operations & Markets and Transmission Planning. She was instrumental in the establishment and implementation of MISO’s Reliability & Market Services.
Ms. Chatterjee has led multiple, high-profile initiatives including MISO’s wind integration, the development of seams agreements between MISO and its neighbors and, most recently, the RTO’s resource adequacy initiative. Her knowledge and experience in the field of information technology enabled her to lead MISO’s Application Services division where she improved operational excellence through business services integration.
Ms. Chatterjee holds a Doctorate degree in Electrical Engineering from Illinois Institute of Technology, Chicago and a Master’s degree in Electrical Engineering from Indian Institute of Science, Bangalore, India.
Michael DeSocio has been involved in the design and operation of wholesale electricity markets at the New York Independent System Operator (NYISO) for over 20 years. His tenure at the NYISO includes work in Market Operations, Market Design, Information Technology and Project Management.
Mr. DeSocio is currently responsible for the evolution of the NYISO wholesale electricity markets, improving market signals and incentives for attracting and retaining resources that support New York’s grid reliability needs and policy objectives. He also oversees the NYISO’s efforts with integrating distributed energy, hybrid, and storage resources into New York’s wholesale markets.
Mr. DeSocio has been involved in a diverse array of projects at the NYISO, including integrating new technologies into the marketplace, enhancing interregional market coordination, and improving overall wholesale market efficiency. Additionally, Mr. DeSocio is leading the carbon pricing initiative that could help harmonize New York’s clean energy policy objectives and competitive wholesale markets.
Previously, Mr. DeSocio worked at Central Hudson Gas & Electric.
He earned a Masters of Engineering degree in Electrical Power Engineering from Rensselaer Polytechnic Institute in Troy, New York and a Bachelor of Engineering degree in Electrical Engineering from Clarkson University in Potsdam, New York.
Bruce Rew is Senior Vice President of Operations for Southwest Power Pool, Inc., located in Little Rock, Arkansas. He is responsible for SPP’s real-time reliability and market operations. These responsibilities include the Balancing Authority, day-ahead and real-time markets, market design, and analysis support of all operations functions. Recently Mr. Rew has been overseeing SPP’s expansion in the Western Interconnection. He started his 30-year career with SPP in the planning area and has worked in various engineering and management positions. Prior to SPP, Mr. Rew served in the United States Air Force on a nuclear missile launch crew.
Mr. Rew received a Bachelor of Science Degree in electrical engineering from Louisiana Tech University in 1990 and a Master of Science in operations management from the University of Arkansas in 1992. He is also a graduate of Harvard’s Business School’s Advanced Management Program. He serves on the engineering advisory boards with the University of Arkansas at Little Rock and the University of Oklahoma. He is registered Professional Engineer.
Sandip Sharma is Director of Market Operations (Forward Markets) and leads the Energy Storage initiative at the Electric Reliability Council of Texas (ERCOT), the independent system operator for the power grid that serves 90% of Texas customers. His team oversees the Day Ahead Market, Congestion Revenue Rights and Demand Response Integration. Sandip has been with ERCOT since 2006.
His past areas of focus includes reliable and efficient integration of renewable resources, renewable forecasting, redesigning the ISO’s Ancillary Services markets to adapt to the evolving generation mix, evaluating frequency response, and operational readiness.
Sandip received his M.S.E.E in Electrical Engineering specializing in Power Systems from University of Texas at Arlington in 2006, and his MBA from Rice University in 2017.