Electric Power Supply Association Says FERC Proposed Policy Statement Advances Market-Based Emissions Solutions
For Immediate Release: October 15, 2020
Contact: Christina Nyquist | email@example.com
WASHINGTON, D.C. – Competitive power suppliers welcomed the Federal Energy Regulatory Commission (FERC)’s proposed policy statement and request for comments on state-determined carbon pricing in wholesale electricity markets, which was announced at today’s October Open Commission Meeting. Todd Snitchler, president and CEO of the Electric Power Supply Association (EPSA), issued the following statement in response to the announcement.
“We are pleased to see that FERC is continuing to dig into the challenging but important issue of carbon pricing and seeking to meaningfully advance the conversation.
EPSA supports market-based solutions to address emissions and is fully supportive of developing a durable regulatory framework that can enable sustainable environmental progress.
Ensuring reliable electricity remains paramount while considering how to best unify economic and environmental goals. We look forward to participating in the FERC process and alongside all stakeholders to achieve those goals.”
EPSA joined a coalition of stakeholders that called on FERC to address the issue of carbon pricing in wholesale electricity markets, which spurred the Commission to hold a technical conference on the matter September 30.
EPSA supports market-based tools including an economy-wide or regional price on carbon that would allow all power providers to compete to reduce emissions at the least cost to consumers while meeting reliability needs.
The Electric Power Supply Association (EPSA) is the national trade association representing America’s competitive power suppliers. EPSA members provide more than 150,000 MW of reliable and competitively priced electricity from environmentally responsible facilities using a diverse mix of fuels and technologies including natural gas, wind, solar, hydropower, geothermal, storage, biomass, and coal. EPSA seeks to bring the benefits of competition to all power customers. Learn more at www.epsa.org and connect with us on LinkedIn and Twitter @EPSAnews.