Tag: secondary price cap
-
Energy Regulatory Commission Proposes Price Cap on Reserve Market to Shield Consumers from High Power Costs
•
ERC Drafts Secondary Price Caps for Reserve Market The Energy Regulatory Commission (ERC) issued a new draft resolution. This proposal establishes a secondary price cap within the reserve market of the Wholesale Electricity Spot Market (WESM). Regulators want to protect utility consumers from sustained high electricity prices. This action precedes…