PJM’s billing flexibility combined with high coincident peak (CP)-based charges — i.e., Capacity and Transmission – create lucrative and bankable opportunities for behind-the-meter (BTM) storage systems in PJM. CPs are not easy to predict, especially while trying to optimize around other revenue streams. Your energy storage system must be able to stack multiple value streams while also responding in real-time to catch shifting peaks. BTM systems can also participate in the wholesale power markets by acting as load reducers at the customer site. The combination of these two strategies offers a diverse revenue mix at a level substantially higher than observed in most other BTM markets.
With new policies emerging in states and utilities across PJM, you need a solution that can adapt and keep your project deriving value over its lifetime – whether that means participating in new demand response programs, maximizing wholesale market revenues, or co-optimizing multiple value streams. Stem is a C&I storage leader that helps with all elements of adopting energy storage and participating in CP-based wholesale markets like PJM. Stem holds an advantage in entering this territory because our experts understand the complexity of the value stack and CP mitigation, which requires the type of forecasting that only a leader like Stem can deliver. Stem’s experts will guide you through wholesale market participation, ancillary services, and frequency regulation programs and will determine and optimize your storage systems for the most efficient operation. We can do so within the context of local tariffs and ensure that you do not increase demand charges.