Utility Dive published a contributed article by Jeff Dennis, managing director and general counsel for AEE on reforming capacity markets. Read excerpts below and the full article here.
This week, the Federal Energy Regulatory Commission (FERC) kicks off a series of technical conferences on "Modernizing Electricity Market Design" with an examination of the role of centralized capacity markets in meeting resource adequacy and reliability needs in a rapidly changing electricity sector. This national conversation comes as the future of the PJM Interconnection (PJM), ISO New England (ISO-NE), and New York Independent System Operator (NYISO) capacity markets are also the subject of investigations by state regulators as well as internal stakeholder debate…