September 17, 2013
Lesson for Texas: ISO-NE Capacity Market Fails; FERC (Again) Tells Retail Suppliers to Pound Sand; Allocates New, Unhedgeable Backstop Costs to Real-Time Load
Showing once again its utter indifference to realities of the retail electric market, FERC has assigned unhedgeable, out-of-market costs to load serving entities, such as retail suppliers, deeming that retail suppliers "benefit" from such costs.