Accounting Methods for New Energy Storage

In this final rule, the Federal Energy Regulatory Commission (Commission or FERC) is amending the Uniform System of Accounts (USofA) for public utilities and licensees to: create new accounts for wind, solar, and other renewable generating assets; create a new functional class for energy storage accounts; codify the accounting treatment of .
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GHG Accounting For Battery Energy Storage Systems

The topic of greenhouse gas (GHG) emissions accounting for battery energy storage systems (BESS) is relatively new and so has not yet been thoroughly addressed by existing organization-level GHG emissions reporting

These 4 energy storage technologies are key to climate efforts

Europe and China are leading the installation of new pumped storage capacity – fuelled by the motion of water. Batteries are now being built at grid-scale in countries including

A Cost Accounting Method of the Li-Ion Battery Energy Storage

To solve this problem, the influence mechanism of actual operating conditions on the life degradation of Li-ion battery energy storage is analyzed. A control strategy of Li-ion ESS

Calculation Method of Carbon Emission Reduction Contribution of Energy

With large numbers of renewable energy connected to the power grid, in order to reduce the waste rate of new energy, maximize the low-carbon benefits of new energy and properly

System value assessment method of energy storage

1 INTRODUCTION. Energy storage system (ESS) is critical to address the reliable operation problem of the power system with the large-scale development of renewable energy, and is becoming an important resource for

A Cost Accounting Method of the Li-Ion Battery Energy Storage

The cost of Energy Storage System (ESS) for frequency regulation is difficult to calculate due to battery''s degradation when an ESS is in grid-connected operation. To solve this problem, the

6 FAQs about [Accounting Methods for New Energy Storage]

Should energy storage accounting be revised?

Since the issuance of Order No. 784, and based on experience and industry input since the issuance of Order No. 784, the Commission now recognizes the need for revisions to its USofA for energy storage accounting.

Should energy storage assets be accounting for more than one function?

Rather, Utility Associations recommend following Order No. 784's approach of allowing the accounting for energy storage assets that serve more than one function to follow the allocation decisions made in the relevant rate proceedings. 70.

What is included in an energy storage account?

(See electric plant instruction 8.) Energy storage equipment. A. This account shall include the cost installed of energy storage equipment used to store energy for load managing purposes. B. Labor costs and power purchased to energize the equipment are includible on the first installation only.

What accounts does the Commission create for energy storage assets?

7. Specifically, the Commission created electric plant accounts for energy storage assets within the existing USofA functions: Account 348 (Energy Storage Equipment—Production), Account 351 (Energy Storage Equipment—Transmission), and Account 363 (Energy Storage Equipment—Distribution).

What equipment should be included in an energy storage account?

1. Fiber optic cable. ( print page 69324) 2. Remote terminal units. 3. Microwave towers. 4. Global Positioning System (GPS) equipment. 5. Servers. 6. Workstations. 7. Telephones. Land and land rights. This account shall include the cost of land and land rights used in connection with energy storage plant. (See electric plant instruction 7.)

How will the Energy Transition affect accounting?

The Energy Transition will give rise to new accounting complexities for consideration as new business models are formed by energy suppliers and global policy makers.

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