Unpacking the Disconnect Between Wholesale and Retail Electric Rates
Date Published |
08/2019
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Publication Type | Report
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Abstract |
The 2017 DOE Staff Report to the Secretary on Electricity Markets and Reliability noted a disconnect between falling wholesale electricity prices and flat or rising retail investor-owned utility (IOU) electricity prices between 2008 and 2016. This analysis sought to assess recent trends in utility costs, retail sales, and/or retail rates vis-à-vis wholesale market prices in order to help explain this disconnect. Using FERC Form 1 and ICE Power Indices data, Berkeley Lab researchers developed key annual metrics between 2007 and 2016 at a regional level for five of the seven NERC regions: Midwest Reliability Organization (MRO), Northeast Power Coordinating Council (NPCC), ReliabilityFirst Corporation (RFC), SERC Reliability Corporation (SERC), and Western Electricity Coordinating Council (WECC). The analyses of these metrics enabled Berkeley Lab researchers to arrive at the following conclusions:
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Year of Publication |
2019
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