Industries Electric Market-Based Rates
The Commission grants market-based rate authorization for wholesale sales of electric energy, capacity and ancillary services by sellers that can demonstrate that they and their affiliates lack or have adequately mitigated horizontal and vertical market power. Discussed herein are the most common types of filings made concerning electric market-based rate authority and details on how to submit those filings.
The Final Rule on Electric Market-Based Rates For Wholesale Sales Of Electric Energy, Capacity And Ancillary Services By Public Utilities and its progeny (Order Nos. 697 through 697-D), offer greater detail regarding the Commissionís currently effective policies applicable to electric market-based rate authorization.
Order Nos. 816 and 816-A clarify and streamline certain aspects of FERCís market-based rate program. These orders detail requirements for market-based rate filings, including requirements that the horizontal market power wholesale market share and pivotal supplier indicative screens, simultaneous transmission import limit (SIL) Submittals 1 and 2, and the asset appendix each be submitted in workable electronic spreadsheet form.