18 Jul 2025
⚡Regulatory Notice on Western Electricity Pricing Framework Overview
Western Electricity Coordinating Council; Notice of Institution of Section 206 Proceeding and Refund Effective Date
Summary
The Department of Energy has issued a notice regarding the investigation into the pricing framework used by the Western Electricity Coordinating Council, as mandated by the Federal Power Act. This proceeding aims to determine if the current soft price cap is unjust or unreasonable, with implications for refunds and stakeholder participation in the regulatory process.
Agencies
- Energy Department
- Federal Energy Regulatory Commission
Business Impact
$$ - Med
The notice involves a Section 206 proceeding that could result in changes to the pricing framework within the electricity market, which can impact costs for businesses relying on electricity. Additionally, the refund effective date may lead to financial ramifications for regulated entities and consumers.