Via Utility Dive and Harvard University’s Electricity Law Initiative:
This is a must-read on FERCs MOPR and how it affects consumers, developers and investors.
FERC’s recent decision setting new rules for PJM’s capacity auction will exclude clean energy resources from PJM’s procurement and force PJM to buy more capacity than it needs to keep the lights on. While claiming to act in defense of market integrity, FERC overrides consumer and policy preferences for clean energy and rigs PJM’s auction process to benefit a particular class of investors. FERC’s decision abandons the tenets of its long-standing efforts to facilitate competitive power markets and disregards billions of dollars of added costs it imposes on consumers.