HVAC Breaking News

Mar. 15, 2002: FERC Pushes For Standardized Wholesale Electricity Market

March 15, 2002
/ Print / Reprints /
ShareMore
/ Text Size+
WASHINGTON, DC — In an effort to enhance competition and reduce prices in the nation's bulk power markets, the Federal Energy Regulatory Commission (FERC) announced its intention to develop a standardized wholesale electricity market.

The goals, according to the commission, are more choice and improved services for market participants; lower prices from reduced transaction costs and wider trade opportunities; improved reliability through better grid operations and expedited infrastructure improvements; and certainty about market rules and cost recovery for greater investor confidence.

Chairman Pat Wood III stated, “As always, our purpose is simple: reliable electricity at lower prices for all Americans. The most effective way to achieve this goal is to standardize market design and transmission service around the country.”

A significant challenge, the commission noted in a working paper on this issue, is to balance the need for standardization and streamlined operations with the need for regional differences and market innovation.

FERC has collected comments and will issue a notice of proposed rulemaking this summer. It will consider all additional comments before formulating a final rule.

Publication date: 03/11/2002

Did you enjoy this article? Click here to subscribe to The NEWS Magazine

Recent Articles by Greg Mazurkiewicz

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

2014 MCAA Annual Convention

Scenes from the 2014 MCAA Annual Convention in Scottsdale, Ariz.

Podcasts

NEWSmakers: Julian Scadden

Training is an ongoing process. Julian will discuss how you can generate maximum return on time and energy invested training by following a three part process. Listen to this podcast to get expert tips on training, tracking and follow up. 

More Podcasts

THE MAGAZINE

ACHRNEWS

NEWS 04-21-14 cover

2014 April 21

Check out the weekly edition of The NEWS today!

Table Of Contents Subscribe

SERVICE CALLS POLL

Which statement on service calls best applies to your business?
View Results Poll Archive

HVACR INDUSTRY STORE

plumbing-hvac.gif
2014 National Plumbing & HVAC Estimator

Every plumbing and HVAC estimator can use the cost estimates in this practical manual!

More Products

Clear Seas Research

 

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

DON'T MISS A THING

Magazine image
 
Register today for complete access to ACHRNews.com. Get full access to the latest features, Extra Edition, and more.

STAY CONNECTED

facebook icontwitter iconyoutube iconLinkedIn i con