As we continue looking for ways to decarbonize our energy systems, we often have to decide whether it’s better to try reworking our market rules so that the markets will do a better job of procuring clean energy, as we discussed in Episode #90, or whether it makes sense to just mandate the procurement of clean energy resources. The former is a job for the Federal Energy Regulatory Commission (FERC), but the latter is the domain of the states. In fact, our guest in this episode, a senior attorney with NRDC and the Sustainable FERC Project, argues that because states are really the only ones with the authority to regulate energy in order to obtain a more environmentally beneficial outcome and combat climate change, their mandates are a necessary pathway to decarbonizing the grid. And that, to some extent, market price distortion is in the mind of the beholder.
Geek rating: 9