REPORT & SURVEY
FERC’S $277 BILLION ELECTRICITY PRICE HIKE
How the Federal Energy Regulatory Commission’s Failure to Enforce Transmission Competition Will Lead to Decades of Electricity Price Inflation for American Consumers
Lack of Competition Would Cost Consumers Billions of Dollars
The 93-member Electricity Transmission Competition Coalition (ETCC) presents “FERC’s $277 Billion Electricity Price Hike,” a comprehensive report on the current state of electricity transmission competition in the United States, including consumer opinion research about how the nation is meeting its electricity needs.
This report highlights the significant role of competition in lowering consumer electricity costs, fostering innovation, the detrimental impact of protectionist policies, and the urgent need for policy reform to ensure affordable and reliable electricity for all Americans.
Lack of Competition Would Cost Consumers Billions of Dollars
The 93-member Electricity Transmission Competition Coalition (ETCC) presents “FERC’s $277 Billion Electricity Price Hike,” a comprehensive report on the current state of electricity transmission competition in the United States, including consumer opinion research about how the nation is meeting its electricity needs.
The nation is facing a critical inflection point. Will the transmission needed ahead for reliability and the clean energy transition be cost-effective and competitive? Or will the $2.1 trillion in transmission planned for the future be overrun with transmission owner market power and minimal competitive pressures? The difference could not be more stark or costlier for consumers. ETCC believes that we need to build the grid of the future using the power of competition — and that there should not be a monopoly for the transmission critical to the clean energy transition.
This report highlights the significant role of competition in lowering consumer electricity costs, fostering innovation, the detrimental impact of protectionist policies, and the urgent need for policy reform to ensure affordable and reliable electricity for all Americans.
