News Release: April 7, 2011
FERC makes initial review of organized market performance measures
The Federal Energy Regulatory Commission (FERC) today issued its initial review of a series of performance measures that track operations of organized regional electricity markets.
Today's report provides initial analysis of 57 performance measures of how the organized markets operated over the five-year period of 2005 to 2009. It was issued in response to recommendations from the Government Accountability Office and as the first step in a multi-year effort to develop performance metrics that will allow for comparisons of various market structures, as outlined in the 2009-2014 FERC Strategic Plan.
Today's report follows an 18-month voluntary and collaborative process involving FERC, organized market operators, transmission customers, market participants and other stakeholders and interested experts to develop metrics that track the performance of regional market operations and markets in delivering benefits to consumers. The report also provides the basis for a continuing analysis of regional market performance and a starting point for further evolution of these measures into a set of best practices for market operators.
Upcoming steps in this multi-year process will involve development of performance metrics for utilities that operate outside of organized electricity markets, development of common metrics for both structures and further evaluation of performance results.