FERC (Federal Energy Regulatory Commission)
The federal agency that regulates interstate electricity transmission, wholesale electricity markets, and natural gas pipelines. FERC does not regulate retail electricity rates.
Why It Matters
FERC Order 2222 requires wholesale energy markets to allow distributed energy resources (including aggregated home batteries) to participate — opening revenue opportunities for VPP participants.
Related Terms
Virtual Power Plant (VPP)
A network of distributed energy resources (solar, batteries, EVs, smart appliances) coordinated by a central platform to provide grid services collectively, functioning like a power plant.
Ancillary Services
Services needed to maintain grid reliability beyond simply generating electricity — including frequency regulation, voltage support, spinning reserves, and black start capability.