Perry acts to prevent predatory pricing from pushing nuclear And coal competition out of market. FERC to value resiliency and pipeline independence.
R Street, an organization that describes its mission as “to engage in policy research and outreach to promote free markets and limited, effective government” expressed dismay and labeled the proposal as an “arbitrary backdoor subsidy to coal and nuclear that risks undermining electrical competition throughout the United States.”
That piece also dismissed the importance of electric system reliability. “Brief voltage reductions and even rotating 30-minute blackouts are not catastrophic, by any stretch.”
FERC has published the Grid Resiliency Pricing Rule on the Federal Register. The comment period ends on Nov 20, 2017, 46 days from now.
Free market purists like R Street may have complained a bit about the hand on the scale in favor of renewable energy resources, but their expressed faith in the market decision making process really triggered by the idea that coal and nuclear plants might not be forced to retire.
