Energy Market Offer Cap Comment Period Opens

On Jan. 21, the Federal Energy Regulatory Commission issued a notice of proposed rulemaking (NOPR) on the energy market offer cap.

The NOPR was published in the Federal Register on Feb. 4. All public comments will be due on April 4.

The FERC proposes that regional transmission organizations cap resources’ incremental energy offers to the higher of either $1,000 per megawatt-hour or the verified cost-based incremental energy offer.