How to ‘build back better’ energy markets for higher penetration of renewables
September 22, 2021 at 05:00 AM EDT
Competitive energy markets have proven their worth even with voluntary utility participation. It is time to make energy markets mandatory.
With next week’s FERC meeting on SEEM proposal, the question is back on the table: will FERC approve a group of southeast utilities’ proposal for organizing a market? This fall is the first legislative session across the US and other states where the discussion is around clean energy and what incentives are needed for utilities to deploy more renewables. With the Biden administration’s “Build Back Better” model around infrastructure, will US Congress see a need to mandate organized markets, since we know corporate renewable energy buyers need regulatory stability in the marketplace?
Will FERC Approve SEEM?
Will US Congress mandate organized markets?