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President & CEO
The Electricity Consumers Resource Council
On January 8, the Federal Energy Regulatory Commission (FERC) voted unanimously to reject the Department of Energy’s (DOE) proposed rulemaking on grid reliability and resilience pricing. The rule would have provided cost recovery to power plants holding 90 days of on-site fuel supply. Only nuclear and select coal facilities would have qualified. Rather than create a new power market product or refine the pricing rules of existing products, the proposal departed from principles of electricity market design by subsidizing power plants with a specific characteristic. FERC’s ruling confirmed that both the goal – promoting 90 days of on-site fuel –… [more]
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Cofounder
Spark Library
In late September, the Department of Energy (DOE) issued a Notice of Proposed Rulemaking (NOPR) for consideration by the Federal Energy Regulatory Commission (FERC). Using §403, a little-used provision in the DOE Organization Act of 1977, Secretary Perry proposed that FERC, an independent agency, exercise its authority to establish just and reasonable rates for wholesale electricity sales in the name of grid resiliency. Specifically, the NOPR requires ISO’s and RTO’s create special cost of service compensation for certain types of generation that DOE alleges are essential to protecting grid reliability and resiliency. Facilities would be eligible for this special, non-market… [more]
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