FERC directs four entities to refund premiums charged during 2020 heat wave

摘要

The Federal Energy Regulatory Commission directed four entities torefund premium prices charged during the summer 2020 western heatwave, but commissioner James Danly argued the federal regulatorlacked such authority absent a public interest finding.In October 2020, Tri-State Generation and TransmissionAssociation, Uniper Global Commodities North America, MacquarieEnergy, and Brookfield Renewable Trading and Marketing explained toFERC why their spot market sales exceeded the Western ElectricityCoordinating Council soft price cap of $1,000/MWh during the summerheat wave (ER21-59, ER21-62, ER21-64, ER21-65).