FERC’s Standard Market Design OP-ED

On Tuesday an op-ed I wrote about the value to getting over the California crisis and pursuing some standardized market rules ran in the Orange County Register; the text of it is here. While I do not support the approach FERC is following in its current proposal, as Brian Mannix and I argued in our analysis of the FERC Standard Market Design proposal, some standardization of market rules will reduce transaction costs and enable markets to arise that will be valuable.