Replacing the traditional rotating generators with renewable energy will reduce the grid’s inertia and with it the minimum frequency when N-1 contingency occurs triggering an Under-Frequency Load Shedding (UFLS). This study proposes a method for the energy storage system (ESS) to simultaneously provide energy arbitrage, reserve capacity, and assist N-1 contingency, by modifying the restriction formula of economic dispatch (ED) and limiting the SOC range of the ESS. Let the ESS join the Spinning Reserve. Through the PSS^®E iterative ESS charging power required at moments when the frequency of contingency is too low in the ED. Let the ESS act as a N-1 contingency extra frequency reserve. This would prevent UFLS and still maintain the demand. The proposed method is applicable to different types of ESS. The method allows energy storages, originally designed for energy arbitrage, to participate in frequency support and spinning reserve.