FERC Issues Second Notice of Technical Conference on Carbon Pricing in Organized Wholesale Electric Markets

Troutman Pepper

Troutman Pepper

On August 28, 2020, FERC issued a supplemental Notice of a Commission-led Technical Conference on state pricing for carbon dioxide emissions, commonly referred to as carbon pricing, in FERC-jurisdictional wholesale electric markets (“Conference”). The Conference is free and will take place online on Wednesday, September 30, 2020 from 9:00 a.m. to 5:30 p.m. EST.

The Conference will address the specifics for state-adoption mechanisms for carbon pricing in regions that have Commission-jurisdictional organized wholesale electricity markets. The Conference will also address carbon pricing approaches where states set explicit carbon prices, and how those carbon prices intersect with RTO/ISO administered markets.

The Conference will include three panels. The first panel entitled, “Legal Considerations for State-Adopted Carbon Pricing and RTO/ISO Markets” will discuss potential legal issues that may arise when balancing the mandates of the Federal Power Act with a state’s proposal to integrate state-established carbon pricing into an RTO/ISO market design. The second panel entitled, “Overview of Carbon Pricing Mechanism and Interactions with RTO/ISO Markets” will cover: (1) how RTO/ISO markets incorporate state and regional carbon pricing initiatives; and (2) carbon pricing mechanisms that contemplate a greater role for RTOs/ISOs in administering state or regional carbon pricing, and how such mechanisms intersect with RTO/ISO markets. The third panel entitled, “Considerations for Market Design,” explores operational and market design issues that arise when RTOs/ISOs integrate carbon pricing in their energy and ancillary services markets.  The Conference will conclude with a roundtable discussion on the topics and issues explored throughout the Conference.

Additional information about this technical conference, including a link to the webcast and transcription information, may be found on the Conference’s event page.

Click here to read the Notice.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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