FERC To Reform Wholesale Energy Market

Law360, New York (June 22, 2007, 12:00 AM EDT) -- A stronger energy infrastructure based on long-term contracts and a more effective demand response program are key to making the wholesale energy market more competitive, the Federal Energy Regulatory Commission said on Thursday.

“The nation’s policy is to encourage competition in wholesale power markets and the Commission’s fundamental responsibility is to protect consumers from exploitation and manipulation in those markets,” said Commission Chairman Joseph T. Kelliher.

FERC is currently proposing potential reforms to improve operations in organized wholesale power markets in an attempt to respond to...
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