"On April 14, 2017, Energy Secretary Rick Perry issued a memorandum requesting a study to examine
electricity markets and reliability. With this document, Department of Energy (DOE) staff are delivering a
study that seeks not only to evaluate the present status of the electricity system, but more importantly
to exercise foresight to help ensure a system that is reliable, resilient, and affordable long into the
future. Therefore, while carefully acknowledging history, this study focuses on the present trajectory of
trends that are of particular concern in meeting those long-term goals.
Specifically, the April 14 memo directed a study that explores the following three issues:
The evolution of wholesale electricity markets, including the extent to which Federal policy
interventions and the changing nature of the electricity fuel mix are challenging the original
policy assumptions that shaped the creation of those markets;
Whether wholesale energy and capacity markets are adequately compensating attributes such
as on-site fuel supply and other factors that strengthen grid resilience and, if not, the extent to
which this could affect grid reliability and resilience in the future; and
The extent to which continued regulatory burdens, as well as mandates and tax and subsidy
policies, are responsible for forcing the premature retirement of baseload power plants..."
Electricity markets
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