This Washington Post editorial from Monday is very good. It discusses FERC’s standard market design proposal, which is open for public comment through mid-October, and the snipey comments that state regulators have been making about it as an unbridled power grab. I think the editorial lays out the argument pretty well, although the standard market design proposal is not an hommage to the “simple rules for a complex world” context that would bring the most long-run benefit from competitive electricity markets. It’s baby steps, but it’s not the fiasco that the California state regulators (and other state regulators) have made it out to be.