AB 1623: Electricity: resource adequacy requirements: energy storage.

Existing law requires the Public Utilities Commission, in consultation with the Independent System Operator, to establish resource adequacy requirements for all load-serving entities, as defined. In establishing the resource adequacy requirements, existing law requires the commission to ensure the reliability of electrical service in the state while advancing, to the extent possible, the states goals for clean energy, reducing air pollution, and reducing emissions of greenhouse gases. Existing law requires that the resource adequacy program achieve specified objectives, including to establish new, or maintain existing, demand response products and tariffs that facilitate the economic dispatch and use of demand response that can either meet or reduce an electrical corporations resource adequacy requirements, as determined by the commission.

This bill would require the commission, or before June 30, 2024, and as part of a new or existing proceeding, to revise the net qualifying capacity and effective flexible capacity methodologies for energy storage resources, as specified. to submit to the Legislature a report assessing the regulatory barriers, if any, to the rapid deployment of energy storage resources in California, as specified.