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Mr. Hébert's apparent embrace of the Republican position on price mitigation may be part of an effort to cultivate support on Capitol Hill.
In fact, doesn't the price mitigation plan just postpone the pain and ensure that California will end up right back where it is now?
While it sure sounds like a severe regulatory measure, FERC seems to be disguising the action by calling it "price mitigation" rather than "price caps".
But the modest "price mitigation" measures it adopted were widely criticized as mere nibbling around the edges.
On Monday, he announced that he would convene a special commission meeting for next Monday to strengthen FERC's "price mitigation" plan for California and the West.
And I wish there was some way to take California through the experience without the price mitigation and show the proof that the price mitigation is going to bear in trying to level out prices while at the same time giving signals to build out infrastructure and needed supply". MASSEY: "I don't think we've moved quickly enough.
Similar(49)
In April, the agency broadened the plan by extending the March price-mitigation scheme to situations whenever supplies fell to within 7.5percentt of demand.
But federal regulators claim that their earlier price-mitigation plan, though limited in scope, helped to force generators to curtail prices.
Resilience is used for damage mitigation.
Improving derivatives market regulatory systems and working towards international derivatives regulatory standards will be vital in achieving this goal but efforts to curb speculation so far have been lacklustre," says the report, which is called Macroeconomic impacts of oil price volatility: mitigation and resilience, and is published in Frontiers of Energy.
Unlike cap-and-trade programs, which lead to increased product prices reflecting mitigation costs and the products' total carbon dioxide emissions, performance standards lead to increased product prices reflecting only mitigation costs.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com