Posted 3/19/2024, 6:46:27 PM
FERC Chief Reviews Energy Market Changes and Priorities Amid Recent Price Spikes
- Federal Energy Regulatory Commission Chairman discusses changes in energy markets over past 25 years, from regulated monopolies to open market competition
- Wholesale electricity prices have risen sharply recently due to COVID, Russia's invasion of Ukraine, Indian Point nuclear plant shutdown
- Shift to open energy markets has largely been successful in keeping costs down, though prices have jumped recently
- Building larger, more resilient transmission grid is a key priority going forward
- State legislators much more involved in shaping energy policy and regulations around issues like reducing emissions