The commission: The market's eye-in-the-sky?

There are 3 important challenges that face FERC's vision of market monitoring: 1. the market consequences of a significant institutional drag coefficient when addressing problems of market power, more generally characterized, market abuse, 2. balancing ex ante and ex post modes of mitigation an...

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Bibliographic Details
Published in:Public Utilities Fortnightly 2002-03, Vol.140 (6), p.24
Main Author: Jermain, David O
Format: Article
Language:English
Subjects:
Electric industries
Energy industry
Independent system operators
Regulatory agencies
Sanctions
Online Access:Get full text
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Summary:There are 3 important challenges that face FERC's vision of market monitoring: 1. the market consequences of a significant institutional drag coefficient when addressing problems of market power, more generally characterized, market abuse, 2. balancing ex ante and ex post modes of mitigation and considering more immediate complementary tools, and 3. addressing the relative emphasis on FERC regulation and RTO self-regulation. The most recent posture by FERC staff is consistent with the approach that FERC has taken since the start up of ISOs in the US several years ago. But there are important nuances that indicate a refinement in FERC staff's view of market monitoring.
ISSN:1078-5892
1945-2578