The latest dispute over PJM’s bidding rules has raised the level of uncertainty in organized electricity markets. Efforts at reform have created a market structure so jumbled that it can’t produce...
NERC Knows Best?
FERC this year must select a reliability czar. But the obvious choice could prove less than ideal.
responsible for the identification of a single, consistent set of voluntary standards), but even Chairman Kelliher lamented the ANSI process.
“I think we’ve had a total of one standard develop over five years, under the current process,” Kelliher said. “The cyber-security standard I think is a temporary, ANSI-approved standard, and I’m not trying to be critical, but it just seems going forward maybe a standard is needed in a year, 18 months, something like that; and we need a standards-setting process that actually can accommodate that kind of timeline.”
The ANSI process is all-inclusive and very democratic, but as previously mentioned, slow as dirt. And in FERC Commissioner Nora Mead Brownell’s words, it “raises the concern that it is a democratic process that doesn’t yield the highest standard.”
NERC proclaims it will be different, but it appears the would-be reliability emperor has no clothes.