Hogan

Order 745: A Time Bomb for Electricity Consumers

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.

The Long and Short of Grid Congestion

FTRs make hedging possible, but can PJM ensure full funding without playing favorites?

Financial traders believe PJM’s proposal discriminates since they are more likely to hold counter-flow FTRs.