Utility Dive reports that the Federal Energy Regulatory Commission on Monday rejected a proposal from the Department of Energy to subsidize to coal and nuclear plants, instead of turning to regional grid operators to assess how best to enhance the resilience of the power system.

The report continues that the five-member FERC voted unanimously to reject the proposed rule from Secretary of Energy Rick Perry to provide cost recovery for plants with onsite fuel supplies, writing that neither the DOE proposal nor comments in the record showed that existing market rules are unjust and unreasonable.

Adding that the decision notably rejected calls from coal and nuclear plant operators to enact short-term support for struggling power plants. A wide array of power sector critics argued that moving many generators into cost recovery could upend wholesale power markets.

Editorial Team
We are experts with the mission to inform, educate and inspire the industry. We are passionately curious, enthusiastic, and motivated to make a positive impact in the world. Send us a tip via editors @ pvbuzz [dot] com.

Tesla starts making solar roofs at Gigafactory

Previous article

California plans to spend $1 billion on solar for low income residents

Next article

You may also like

Comments

Comments are closed.

More in News Watch