FERC's Folly
Remand Order 745, fix the compensation scheme, but retain federal jurisdiction.
Why the D.C. Circuit should rehear the appeal of FERC Order 745, and how it should rule.
LMP-G
The Powhatan Matter
Market manipulation versus the right to make a profit.
Harvard professor Bill Hogan claims FERC is wrong to find market manipulation where traders simply make profits on market defects known to all.
Letters to the Editor
(August 2011) Economic consultant Michael Rosenzweig challenges Constantine Gonatas’s proposal for ensuring FERC’s demand response rulemaking achieves its objectives. Also, Juliet Shavit takes issue with Contributing Editor Steven Andersen’s characterization of utility customers as “crazy.”
DR Distortion
Are subsidies the best way to achieve smart grid goals?
FERC has proposed that wholesale energy markets should subsidize load reductions with full LMP (locational marginal price), without deducting the customers’ retail savings. Such a policy could distort the market, and other solutions might achieve the same objectives more efficiently.