Recent Federal Energy Regulatory Commission (FERC) enforcement orders underscore the agency’s focus on ensuring electricity market participants accurately disclose and deliver the power and services they commit to. Regulators are warning companies to closely verify their claims and ensure every credited megawatt is valid, as scrutiny of the wholesale electricity market intensifies.
Concerns over grid reliability amid tighter electricity supplies have influenced FERC’s enforcement shift as well, Bracewell’s Michael Brooks told Law360.
“When reliability is a real concern, there’s greater interest in ensuring that the services that we’re relying on will be delivered,” Brooks said.
