FERC’s Glick urges broader commission look at capacity markets, states’ rights

Washington — The Federal Energy Regulatory Commission must revisit mandatory capacity markets and how regions ensure resource adequacy or risk putting in peril the future of regional transmission organizations, FERC Commissioner Richard Glick told state officials Wednesday in an address that was highly critical of recent agency actions that could undermine state sovereignty over the generation mix.

FERC in December directed sweeping changes to PJM Interconnection’s capacity market (EL16-49, EL18-178) and in 2018 approved ISO New England’s move to a two-stage capacity auction process (ER18-619). Both efforts aimed to address states’ out-of-market resource procurement actions while preserving competitive market prices, and have drawn …