Michael Giberson Last September I asked, "Will faking a consumer cartel help make power markets more efficient?", "Does FERC really want to go down this path?" and "Do they really think that faking a consumer cartel will help make wholesale power markets work more efficiently?" The answer to the first question is "no, it won't make markets more efficient." Yesterday FERC issued the final rule requiring what it calls a "market-based demand response compensation rule," so now we have answers to the second and third questions.
Update on "Will Faking a Consumer Cartel Help…
Michael Giberson Last September I asked, "Will faking a consumer cartel help make power markets more efficient?", "Does FERC really want to go down this path?" and "Do they really think that faking a consumer cartel will help make wholesale power markets work more efficiently?" The answer to the first question is "no, it won't make markets more efficient." Yesterday FERC issued the final rule requiring what it calls a "market-based demand response compensation rule," so now we have answers to the second and third questions.