Mystery Surrounds Origin of California's Bid Cost Recovery Mechanism
California's electricity market employs a crucial settlement mechanism called Bid Cost Recovery (BCR) for energy storage systems. Despite extensive searches, the originator of BCR and its initial purpose remain unknown.
BCR was initially designed to safeguard gas generators. It serves as a safety net, preventing them from incurring losses when following instructions from the California Independent System Operator (CAISO).
Today, this mechanism plays a significant role in California's electricity market, extending its benefits to energy storage systems.
While the exact origin and initial intent of Bid Cost Recovery remain unclear, its current role in California's electricity market is undeniable. It provides a vital safety net for both gas generators and energy storage systems.
Read also:
- U.S. CBP's Operation Plaza Spike Boosts Fentanyl Seizures Along Arizona-Mexico Border
- Tesla's EV Market Share Plummets in Europe, US Competition Intensifies
- Catastrophe at a U.S. Steel facility in Pennsylvania results in the loss of two lives. crucial details unveiled
- Auto Industry Updates: Geotab, C2A, Deloitte, NOVOSENSE, Soracom, and Panasonic in Focus
