FERC Rules Promote Competition In Electricity Market

Law360, New York (February 22, 2008, 12:00 AM EST) -- The Federal Energy Regulatory Commission has put forward new rules aimed at promoting competition in the electricity markets by encouraging suppliers to respond to demand from consumers.

In the new rules it proposed on Thursday, FERC stressed the importance of responding to demand and monitoring market pricing when reserves are low in order to help lower electricity wholesale costs and ensure that rates are fair and reasonable.

“I recognize that there is concern about electricity price levels,” said Joseph Kelliher, FERC's chairman. “But current electricity prices...
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