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In a rush to get a rule through before winter, the Department of Energy directed the Federal Energy Regulatory Commission (FERC) to write and finalize a rule aimed at improving grid resilience. The DOE recommends that power plants stockpiling an arbitrarily defined 90 days’ worth of fuel on-site be compensated for certain costs – a measure that essentially creates a new subsidy in otherwise competitive electricity markets. The proposal would likely benefit coal, nuclear, and hydro power plants that have the ability to hold such inventory.
Is DOE’s proposal a bad solution in search of a problem? What impact would a subsidy for nuclear, hydro, and coal-fired power plants mean for consumers and competition in the energy markets? What can legislators and FERC do to reduce the regulatory barriers to properly price and enhance grid resilience and reliability? As the December 11th deadline for FERC to act approaches, join us as we hear from a distinguished panel of experts to answer these questions and more.