State regulation of the coming competitive market

Journal Article · Tue Dec 30 23:00:00 EST 1997 · NRRI Quarterly Bulletin

OSTI ID:329208

Lively, M B ^[1]

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1. Lively (Mark B.), Gaithersburg, MD (United States)

Utilities and state commissions can have retail competition without a federal presence by integrating economics and reliability through a concept called Wide Open Load Following, or WOLF. Under WOLF, the transaction between the utility and the consumer would continue to be a sale that is subject to regulation by the state commission. As a retail sale, the transaction requires no FERC involvement. This article shows how WOLF combines economics and physics for pricing retail electric sales in a competitive market so that the sales remain under the jurisdiction of a state authority, even while third parties participate in the market.

• OSTI ID: 329208
• Journal Information: NRRI Quarterly Bulletin, Journal Name: NRRI Quarterly Bulletin Journal Issue: 3 Vol. 18; ISSN NQBUEK; ISSN 8756-632X
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING, POLICY, AND ECONOMY
COMPETITION
ELECTRIC POWER INDUSTRY
MARKET
PRICING REGULATIONS
RETAIL PRICES
STATE GOVERNMENT