FERC’s move encourages states to continue considering carbon pricing in their electricity markets.
The American Clean Power Association (ACP) today issued the following comment on the Federal Energy Regulatory Commission’s (FERC) carbon pricing policy statement.
“ACP applauds FERC finalizing a bipartisan policy statement encouraging carbon pricing in organized markets. An overwhelming consensus has emerged that carbon pricing in markets is a powerful and cost-effective tool to drive down emissions and achieve state policy goals, while preserving the benefits of competition. The policy statement reflects this consensus—acknowledging that state carbon pricing produces economic and environmental benefits and encouraging states and regions to explore establishing such rules in their markets. We look forward to working with the states and regions to develop carbon pricing proposals for FERC’s consideration that will allow competitive power markets to accommodate decarbonization goals at the lowest cost to consumers.” – Gene Grace, ACP General Counsel