CERC steps in to keep power prices in check

Some power companies expressed concern over the CERC intervention, saying it sends the wrong signal to investors. However, the CERC and market observers do not expect the moderation to have a significant impact on trade on the exchanges. In its order issued late Friday, the commission said buy bids on power exchanges have been more than double the sell bids.

from Energy-Industry-Economic Times https://ift.tt/Suo9AtD