Washington D.C.

State of Washington D.C.

COMPETE Executive Director Joel Malina statement on Technology Policy Institute study

on wholesale pricing differences between RTO and non-RTO markets:

COMPETE Executive Director Joel Malina issued the following statement in reaction to a study released by the Technology Policy Institute on wholesale pricing differences between RTO and non-RTO markets:

Respected Economist Cites Organized Electricity Markets As Best Platform for Meeting Climate Change Challenge

Washington, D.C. - The U.S. electricity sector will play a “major role” in any national greenhouse gas mitigation plan enacted by Congress, but prolonged regulatory uncertainty threatens the industry’s ability to efficiently meet this impending challenge, Paul Joskow, respected Massachusetts Institute of Technology economist and president of the Alfred P. Sloan Foundation, said in an address Friday at the National Press Club in Washington, D.C.

FILING OBSCURES BENEFITS OF COMPETITIVE ELECTRICITY MARKETS

COMPETE Welcomes Conversation on Benefits to Consumers From Organized Regional Wholesale Power Markets

The COMPETE Coalition today welcomed a filing before the Federal Energy Regulatory Commission by large industrial energy users and other interest groups as potentially setting the stage for a conversation that will help highlight the tangible consumer benefits of organized regional wholesale electricity markets. 

COMPETE Applauds FERC Review of Escalating Costs to Build New Generation 

In response to a briefing on rising power plant costs at the Federal Energy Regulatory Commission (FERC) today, the COMPETE Coalition issued the following statement from William Massey, former FERC Commissioner and counsel to COMPETE:
 

Reports unambiguously confirm that competitive markets are the most fertile for growth of clean energy sources

New U.S. Department of Energy and National Renewable Energy Laboratory reports

Two recent reports by the U.S. Department of Energy and the National Renewable Energy Laboratory unambiguously confirm that competitive markets are the most fertile environment for the growth of clean energy sources such as wind.

Link to the Department of Energy study:  20% Wind Energy in 2030

ISOs and RTOs: The Results are In

Independent System Operators (ISOs) and Regional Transmission Organizations (RTOs) supply two-thirds of the U.S. population with wholesale electricity. They ensure that electricity markets are efficient and fair for all market participants and that bulk power systems are reliably operated. ISOs and RTOs provide incentives that lead to the more efficient operation of electric generators and the bulk power transmission system. In turn, these efficiencies enhance power system reliability and put downward pressure on wholesale electricity prices.

Let’s Remember Why We Are Here: “Re-Regulation” Will Not Provide Consumer Benefits

Appeals to the “good old days” of cost-plus utility regulation ignore the inherent shortcomings of traditional regulation that led to restructuring in the first place.

Consumers Will Not Benefit if States "Re-Regulate" Retail Electricity Markets When Rate Freezes Expire

Deregulation or restructuring of retail electricity markets generally began in the mid-1990s. Retail regulation is a state issue and not all states chose to pursue competitive markets for retail customers. Where they did, various methods of deregulation were used, which has resulted in different market structures throughout the country.

The Value of Competition and Markets

Executive Summary

Competition is the bedrock of our nation’s economic prosperity and stability.1 Well-structured, competitive electricity markets produce important benefits for consumers: improved price signals; more downward pressure on prices as contrasted with prices charged in fully regulated markets; new infrastructure investment; enhanced reliability; better demand management; more effective conservation and energy efficiency; increased supply options, new market entrants, innovation and technological advancements; and improved environmental performance.