DOE Proposes Radical Electricity Pricing Rule

NEW YORK – The Department of Energy today proposed that the Federal Energy Regulatory Commission (FERC) act within 60 days to issue a rule radically changing the way that it regulates energy prices, which would prop up expensive and uncompetitive coal-fired and nuclear power plants.

Following is a statement from Kit Kennedy, director of the Energy & Transportation Program at NRDC:

“Rick Perry is trying to slam through an outrageous bailout of the coal and nuclear industries on the backs of American consumers. This radical proposal would lead to higher energy bills for consumers and businesses, as well as dirtier air and increased health problems. DOE’s proposal is unprecedented, and ignores the findings of its own report on electricity markets and grid reliability, which did not demonstrate any need to bail out these large uneconomic power plants.”

Background

A blog will be posted soon on this proposed rule at: https://www.nrdc.org/experts/miles-farmer

A recent blog on NRDC’s grid study: https://www.nrdc.org/experts/john-moore/does-grid-study-clinging-past

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