The Commission in April set the complaints for hearing, asserting that prices for long-term wholesale power in several contracts were the result of dysfunctional western markets and should be modified to reduce the prices of the contracts to current market levels (see NGI, April 15).
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Report Finds Competition Alive And Well In NY
Competition is, for the most part, flourishing in New York’s electricity markets, but significant levels of new generation will need to be added to the state’s system in the near future in order for New Yorkers to avoid incurring higher electricity prices, according to a report recently issued by Dr. David Patton, market adviser to the New York independent system operator (NYISO).
April 23, 2001
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