Many see a higher cap as a windfall for nuclear and coal.
FERC’s new rulemaking proposal would allow generators to tender supply bids higher than $1,000 per megawatt-hour, if it really costs that much to buy fuel to generate power. Some opponents say that may be OK for gas-fired turbines, but it’s not needed for nuclear or coal-fired plants.
Still Beyond the Pale?
Two decades into our grand experiment with wholesale power markets and we’re still debating the need for a cap on prices.
We talked with FERC Commissioner Tony Clark, who has said he will not seek a second term.
Tony Clark, with Pat McMurray
Commissioner Clark is serving his first term at FERC and formerly served as a member of the North Dakota Public Service Commission. He was interviewed by Pat McMurray, who has a long background in the energy business.
One of the worst orders FERC has ever produced
Order 745 overcompensates demand response, unduly discriminates against wholesale suppliers, sanctions and institutionally enforces the exercise of monopsony market power, and will ultimately raise electricity prices.
Why trying to fix mandatory capacity markets is like trying to win a game of Whack-A-Mole (Parts I & II)
Delia D. Patterson and Harvey L. Reiter
FERC has little to show for more than a decade of tinkering with mandatory capacity markets.
Participation rates, customers’ bills, meaningful choice
Laurence Kirsch and Mathew Morey
Retail choice might have reduced retail electricity prices if it allowed customers to escape stranded costs, but that didn’t happen.
We talked with Jim Fama, retiring and on his last day at EEI, about his remarkable career.
Jim Fama, with Steve Mitnick
Jim Fama was the Edison Electric Institute’s vice president for energy delivery since 2002.
Towards a consensus-based outline of how technological advances can be encouraged and risk-managed.
We need to more seriously and collaboratively explore concepts across stakeholder groups, to gain a better understanding of different perspectives and priorities.
Two back-to-back decisions by the Supreme Court in 2016 will fundamentally redefine the jurisdictional split.
Craig Roach and Vincent Musco
If the Supreme Court holds to the principles and logic of its ruling in EPSA, it will restore states’ traditional central role in resource planning.
With apologies to Dr. Seuss.
Joel deJesus and Carmen Gentile
There are questions whether FERC and industry resources are being expended on matters once considered, and arguably should continue to be considered, de minimis.