Toronto, Ontario, October 25, 2011 – ENBALA Power Networks™, a Toronto-based company that pays large electricity users to connect to the Smart Grid, has been approved by the Federal Energy Regulatory Commission (FERC) to participate in US wholesale electricity markets.
ENBALA’s application for market-based rate authority was approved by FERC on Wednesday. Effective Nov. 1, ENBALA is authorized to participate in the wholesale electricity markets as a category 1 seller and will have market-based rates authority for the sale of electric energy, capacity and ancillary services on a commercial basis. The FERC ruling permits ENBALA to participate in the following markets: PJM Interconnection, New York Independent System Operator, ISO New England, California Independent System Operator and Midwest Independent Transmission System Operator.
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