Why trying to fix mandatory capacity markets is like trying to win a game of Whack-A-Mole (Parts I & II)
Stinson Leonard Street
FERC has little to show for more than a decade of tinkering with mandatory capacity markets.
Trying to fix mandatory capacity markets like trying to win at Whack-A-Mole, Part II
The proposals do not mandate participation in mandatory auction markets, much less try to set artificial floors on seller bids.
Trying to fix mandatory capacity markets like trying to win whack-a-mole, Part I
FERC’s efforts to get capacity markets “right” have led to endless – and futile – tinkering. The cure proposed – making capacity auction markets mandatory – has unfortunately proved far worse than the disease.
Charting a Path Forward
With respect to the Clean Power Plan, the question is whether EPA will address the major issues and reinforce its positions in advance of the anticipated legal challenges.