Letter to FERC outlining our thoughts on how to redesign wholesale power market pricing mechanism

To read the letter, please log-in and click on the following link:

New_Market_Design_Proposal_2017_11_17

Excerpt:

For years, I have been advocating for a wholesale change in how power is priced in the wholesale electricity markets. And, I wish to be heard on this matter, because I believe that my views are not only intelligent and cogent, but also on-point to a future grid that is both reliable and resilient.

From my perspective, there are five main issues that must be resolved to maintain a grid that is both reliable and resilient for the long-term:

  1. Renewable power disruption of wholesale power pricing
  2. Proper compensation of reliability and resiliency characteristics of generation
  3. No regression to “cost-of-service” rates
  4. No “freebies” to businesses
  5. Redesign must be based on market principals

Leave a Reply