Author Bio:
Lori A. Burkhart is a contributing legal editor with Public Utilities Fortnightly and the managing editor of Fortnightly’s Gridweek.
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Finding that "market design flaws are visible in every regional electric market today," FERC released its working paper on standardized transmission service and wholesale electric design on March 15. The work in progress outlines key principles and policy decisions on standard market design (SMD) to guide FERC in developing a revised open access transmission tariff (OATT). The paper reflects consensus by parties in written comments and workshops held since last October, and FERC expects changes to be made to the SMD by the time a notice of proposed rulemaking (NOPR) is issued this summer.
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