Monthly Archives: August 2007

New York Residential Real Time Pricing Experiments Must be Voluntary

In recent years, industrial and residential customers have become increasingly concerned about excessive rates charged by sellers in dysfunctional wholesale spot markets. (See Industrial and Residential Customers Agree: Proposed FERC Rules for Electricity Market Rates are Flawed). To the extent that a utility buys electricity for its retail customers in the wholesale markets (rather than Read more…

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Governor Spitzer Asked to Name Pro-Consumer PSC Chair

Safe, reliable, efficient provision of affordable utility service sufficient to meet customer demand is critical to the lives of all New Yorkers and to the state’s economy. The New York Public Service Commission regulates rates, rules and practices of the utilities that provide electricity, natural gas, water, steam, telephone, and cable television service in order Read more…

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NYISO "Scarcity Pricing" Events

Click on chart to enlargeUpward Trend in NYISO Scarcity Pricing EventsUnder NYISO tariffs approved by FERC, scarcity pricing may occur at times when there is no actual scarcity. The number of NYISO scarcity pricing events grew rapidly from 2004 through 2006, according to Some Issues on Scarcity Pricing, a recent presentation by California PUC and Read more…

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Consumer Advocates Seek Rehearing of D.C. Circuit Court Decision Allowing FERC to Avoid Consideration of Statutory Filing Requirements

On June 22, 2007 the Court of Appeals for the District of Columbia denied the petition of consumer advocates (including Public Citizen, PULP, NCLC, and several state utility consumer advocates) for an order requiring FERC to enforce statutory filing and rate review requirements for sellers of electricity with “market-based rate” authorizations from the agency. FERC Read more…

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NYISO Report on Capacity Market Faulted at FERC

BackgroundThe NYISO operates capacity markets which pay owners of existing power plants amounts in excess of what they receive for the sale of the electricity they produce in order to give a price signal to them or other market participants to meet rising needs for generating capacity available with new power plants or other resources. Read more…

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