Boy, You Drive To The Other Side Of Lake Michigan Instead Of Reading News, And Look What Happens?

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.