• FERC - No Emergency in Power Market

    FERC - No Emergency in Power Market

    Suggests Price Instability Is The Larger Threat

    All five members of FERC, the regulatory group responsible for the U.S. power grid, stated there is nothing to suggest an forthcoming emergency in the country’s electricity markets. Their testimony before Tuesday’s Senate hearing could undermine the Trump administration’s efforts to save ailing coal and nuclear plants through subsidies. Many of the plants have closed or signaled closure in the face of plentiful natural gas, growth in wind and solar power, and stagnant power demand.

    Source: Reuters, U.S. electricity commission sees no emergency in power market

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