The Federal Trade Commission’s Office of the General Counsel and Bureau of Economics responded to the Federal Energy Regulatory Commission’s Notice of Proposed Rulemaking on Third-Party Provision of Ancillary Services; Accounting and Financial Reporting for New Electric Storage Technologies last week, saying that several measures to reduce the cost of providing electricity, improve power system reliability, and lower the barriers for market entrants providing ancillary services in regional and local markets will provide incentives for more areas to undertake investments and innovations that will reduce system costs and increase system reliability.
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