@thatoneguy. but government can’t do much with the grid.
What alternate universe do you live in?
Electricity regulation in the United States: overview
by Mark F Sundback, Bill Rappolt and Andrew P Mina, Sheppard Mullin LLP
Law stated as at 01 Jul 2020 • USA (National/Federal)
A Q&A guide to electricity regulation in the United States.
The Q&A gives a high-level overview of the domestic electricity market, including domestic electricity companies, electricity generation and renewable energy, transmission, distribution, supply and tax issues. It covers the regulatory structure; foreign ownership; import of electricity; authorisation and operating requirements; trading between generators and suppliers; rates and conditions of sale and proposals for reform.
CHAPTER 4. GOVERNMENT’S ROLE IN THE ELECTRICITY SECTOR
a. GOVERNMENT’S LEGISLATIVE ROLE
b. GOVERNMENT’S REGULATORY ROLE
c. GOVERNMENT’S ROLE IN THE RESOURCE CONCESSION PROCESS
d. GOVERNMENT’S ROLE IN THE MARKET
e. TECHNOLOGY SPECIFIC POLICY STRATEGIES
Risk reduction is one of government’s most important roles in promoting private investment in the electricity sector. Reducing the number of potential unknowns is especially important where there is little or no experience with renewable technologies at the national or local level.
How can Government take a leadership role in risk reduction?
Government leadership in risk reduction can take many forms. Areas where it may be appropriate for the government to play a role include:
· national energy planning;
· resource evaluation;
· market evaluation;
· providing access to expertise;
· eliminating obstacles to equitable markets;
· project oversight and evaluation; and
· assistance in providing access to capital and financing.
One of the challenges in creating public-private partnerships is for governments to create an appropriate environment to attract private investment. When governments act in their sovereign role as guardians of the public welfare, they are essentially providers of public goods and services, which in turn may be delivered through public or private channels. When governments implement policy decisions and resolve political conflicts through the legislative and regulatory process, their role is objectively to carry out the will of the body politic.The essence of public-private partnership is the arrangement for private capital to finance goods and services which traditionally have been provided by public entities.
Public-private infrastructure partnerships require government participation in both these roles. As purchasers of public goods and/or services, governments act in a quasi-commercial capacity. When policy strategists serve as legislators and regulators in matters concerning commercial enterprise, the challenge is to establish an environment in which government puts aside its commercial interests in favor of even-handed implementation of its political and policy objectives.
a. GOVERNMENT’S LEGISLATIVE ROLE …