Thread by @NrdcTomr

Looks like @FERC will put everything on the table regarding @pjminterconnect 's capacity market, and it's hard to not see this as a proxy trial for capacity markets in general.

So, where do we go on resource adequacy?
#energytwitter #powergrid #electricity
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https://twitter.com/FERC/status/1628378129038295040

Can market-based resource adequacy survive? #WinterStorm Uri discredited energy market only solutions, but the capacity market victory lap was hardly over when Elliott less dramatically called capacity markets into question.
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With our economic theories looking very shaky, do we have to retreat back to administrative planning?
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It's easy to see @pjminterconnect's capacity market as a multi-billion dollar version of Bullwinkle's hat trick (This time for sure, Rocky!), but is resource adequacy that can run on automatic a reasonable goal?
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One lesson is that regulatory capture is always a risk. Capacity markets or IRPs, when there's this much money at stake the fight will never end. Regulators will never get to sip umbrella drinks, and public interest groups need to keep showing up.
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Finally, are there alternatives to market-based planning that are compatible with competitive markets? Or is the entire electricity deregulation project tied to the success of capacity markets?
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