In Pursuit Of Fair Compensation For Grid Reliability

Law360, New York (July 6, 2010, 11:44 AM EDT) -- A major issue that perhaps has received less attention than it is due concerns the intersection of reliability of the electric grid and the compensation from competitive markets paid to parties that help provide that reliability.

In a completely free market, reliability of the grid would be degraded as compared to today’s level of reliability, absent the willingness of market participants to pay the full costs of ensuring reliability at the current level. For instance, based upon a cost/benefit analysis, some market participants might be willing...
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