Dive Summary:
- Maryland’s Public Service Commission (MPSC) objected Wednesday to “clandestine” negotiations over a possible change in electricity bidding rules.
- MPSC Chairman R.M. Nazarian sent a complaint to PJM Interconnection, which runs the regional grid; the complaint said that the company facilitated and participated in “a secret and exclusionary negotiations.”
- The commission is concerned that the new proposal would artificially raise prices and benefit power plant owners at the expense of consumers.
From the article:
Maryland's Public Service Commission objected Wednesday to "clandestine" negotiations over a possible change in electricity bidding rules in the region, saying states and consumer advocates had been left out of discussions on a proposal that could drive up prices and hurt reliability.
Commission Chairman Douglas R.M. Nazarian sent a letter of complaint to PJM Interconnection — which runs the regional grid — and the grid's independent market monitor. He said PJM facilitated, and both parties participated in, "a secret and exclusionary negotiation" over electricity auctions. ...