Latest Breaking News On - Organized wholesale electricity markets - Page 1 : comparemela.com
Monday, April 19, 2021
On April 15, 2021, the Federal Energy Regulatory Commission (“FERC” or “Commission”) issued its much anticipated policy statement on carbon pricing in organized markets.
[1] The non-binding policy statement provides guidance regarding the manner in which FERC will evaluate proposals submitted pursuant to Section 205
[2] of the Federal Power Act (“FPA”) to establish market rules for incorporating a state-determined carbon price into organized markets operated by Regional Transmission Organizations and Independent System Operators (“RTO”).
In the policy statement, FERC observes that RTOs are increasingly evaluating incorporating carbon pricing into their wholesale market in response to state programs that seek to reduce greenhouse gas (“GHG”) emissions through the imposition of fees associated with emissions and cap-and-trade programs. Acknowledging that the incorporation of a state-determined carbon price into wholesale mar
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E-1 – Electric Transmission Incentives Policy Under Section 219 of the Federal Power Act (Docket No. RM20-10-000). On March 20, 2020, the Commission issued a Notice of Proposed Rulemaking (NOPR) relating to electric transmission incentives policy pursuant to the Federal Power Act (FPA). In the NOPR, the Commission furnished proposed revisions to transmission planning and cost allocation processes following significant developments in the sector, reflecting a potential new focus on reliability and economic benefits rather than the current risks and rewards approach associated with specific projects. Further, the NOPR acknowledged policy shifts in the fifteen years following Order No. 679, which codified an approach to evaluate requests for incentives made by transmission owners and operators, as well as Order No. 1000 and the 2012 Policy Statement on transmission incentives applications. Namely, the NOPR proposed to: offer public utilities an return on equity (ROE) incenti
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