Ferc puts market power rules on hold

The Federal Energy Regulatory Commission (Ferc) is backing away from new regulations for the US electricity market due to pressure from energy companies, says Houston-based Dynegy.

Ferc, the US interstate energy regulator, announced a new standard for assessing the market power of US energy firms on November 20, 2001.

Under the proposal – known as the supply margin assessment (SMA) – companies that control generation capacity that exceeds the peak demand of their operating areas would be re