Washington D.C.

Restructuring Today

Compete Coalition is looking at several reports considering "misconceptions" about power markets.

The single price clearing auction, a central feature of competitive power markets, helps to efficiently allocate generation resources on a least-cost basis and is superior to proposed alternatives, said a new study released yesterday.

The single price clearing auction, a central feature of competitive electricity markets, helps to efficiently allocate generation resources on a least-cost basis and is superior to proposed alternatives, according to a new study released today.

Click here to listen to an audio file of the presentation.

Pro-Market Group Warns States Of Repeating Past Regulatory 'Mistake'
By Will Harrington
Energy Washington Week
Issued Dated December 17, 2008

A large pro-wholesale market coalition is trying to fend off a growing number of state-level "attacks" on competitive electricity markets with a new report that argues cost-of-service regulation prevalent in the 1970s was a massive mistake that led to inefficient power plant management and excessive cost overruns.

COMPETE's Massey Sees RTO Changes To Push Demand Response, Wind
Energy Washington Week
January 28, 2009

FERC is likely to continue making minor adjustments to organized wholesale electricity markets with the explicit goal of coaxing more renewable energy and demand side resources into the mix of market offerings, according to former FERC Commissioner William Massey, a staunch defender of the increasingly controversial organized markets.

NorthBridge Study Says Past Regulation Failed to Solve Problems Similar to Today's Energy Choice Matters
December 9, 2008

Study warns against return to regulation in electricity markets
By Kathleen Hart
SNL Power Daily
December 9, 2008

While many states and stakeholders in the electric utility industry are advocating a return to regulation, a study released Dec. 8 at a COMPETE Coalition media event finds that competitive markets lead to more cost-effective infrastructure investments.

COMPETE Counsel and former FERC Commissioner William Massey issued the following statement in response to a plan released by APPA on competitive electricity markets:

After a short period of escalating electricity prices due to rising fuel costs, consumers in competitive markets across the country are seeing significant decreases in electricity rates, in some cases by more than 50 percent, as the costs of generating fuels have fallen from their recent historic highs.  Because competitive markets respond faster to price signals, customers in these markets see reductions in their rates much more quickly than in traditional regulated-monopoly markets.

Washington, D.C. - Today President Barack Obama named Jon Wellinghoff Acting Chairman of the Federal Energy Regulatory Commission (FERC).  William Massey, a former FERC Commissioner and counsel to the COMPETE Coalition, issued the following statement congratulating the new chairman: