Chasing the Uncatchable
Why trying to fix mandatory capacity markets is like trying to win a game of Whack-A-Mole (Parts I & II)
FERC has little to show for more than a decade of tinkering with mandatory capacity markets.
Northeastern University
FERC Chasing the Uncatchable
Trying to fix mandatory capacity markets like trying to win whack-a-mole, Part I
FERC’s efforts to get capacity markets “right” have led to endless – and futile – tinkering. The cure proposed – making capacity auction markets mandatory – has unfortunately proved far worse than the disease.