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100-Day Roadmap for Cleaner, Reliable, Affordable and Innovative Power Generation
America runs on electricity. As the nation recovers from the COVID-19 pandemic while modernizing its electric power grid, leaders have an opportunity to foster bipartisan progress on all fronts: our economy, our environment, and our energy future. Competition in wholesale power markets delivers tremendous benefits: it reduces electricity costs, improves reliability, puts consumers first, and enhances access for cleaner energy and new technologies.
America’s economic strength and future success demand that we keep essential services running, minimize the cost burden on families and businesses, and create a strong foundation built on competition and innovation to bring least-cost energy solutions
As the Biden administration, Congress and Federal Energy Regulatory Commission (FERC) leadership balance all of our nation’s essential energy needs, these competitive policy pillars will help advance leading and emerging electricity solutions that are reliable, cleaner and cost-effective – while keeping investment risk and costs with companies, not consumers.
1. Future-Focused Market Design for Reliable, Affordable, Innovative Power
Provide regulatory certainty to unlock investment in regional competitive wholesale power markets and incentivize widespread efficient, reliable, and affordable electricity solutions. While creating a competitive foundation for innovation and new clean energy integration, future market design must help ensure system reliability and balance customer costs as the power grid transitions.
2. Competitive, Affordable Decarbonization
Reduce power generation emissions efficiently, sustainably, and at the least cost to consumers through regional, market-based tools like carbon pricing, a well-designed Clean Energy Standard (CES), or other mechanisms that allow all resources to compete to reduce emissions.
3. Sustainable Economy-Wide Electrification
Support increased economy-wide electrification to encourage low-cost emissions reductions from all sectors – including buildings and transportation – while accounting for additional system demand and
Meeting decarbonization goals will rely on greater electrification of the economy — creating additional need for affordable firm power generation to reliably serve increased electricity usage.
The Benefits of Competition
Competitive power generation companies provide reliable power solutions to America’s electric grid and consumers. EPSA member companies are investing in cutting-edge, lower-carbon resources such as battery storage, more efficient generation technology, competitive wind and solar, transmission infrastructure and electric vehicle charging stations – while retiring uneconomic coal generation and other facilities as market signals direct.
By ensuring a healthy, durable competitive foundation with consistent and predictable rules for power suppliers to operate, we can encourage new clean energy growth while protecting consumers from unnecessarily high costs.
EPSA’s core Competitive Power Principles outline how competitive wholesale electricity market design can deliver the best outcomes for consumers, a reliable grid and the environment. Learn more.