FERC decision on PJM mitigation is a model for other ISOs and RTOs.
Rich Miller and Raghu Sudhakara
Capacity markets have been a significant source of controversy since the inception of competitive wholesale markets. While there are many regulatory questions to be answered in constructing capacity markets, the primary goal of such markets should be to attract capacity that is competitively priced.
Recently I’ve been hearing some utility executives use a new catchphrase: “reverse Robin Hood.” The phrase is shorthand for policies on net metering and green incentives that support rooftop photovoltaics (PV) at the expense of low-income customers. We’re “robbing the poor” to pay for rich people’s fancy solar systems.
Former FERC Commissioner Bill Massey says we shouldn't bottle the genie of competition as Fortnightly author Doug Jones advocated in May 2013. Instead, he says, the genie's shackles should be removed so market forces can produce maximum efficiency and value for customers.
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