Bank of America set to trade power

Bank of America (BoA) has received approval from the Federal Energy Regulatory Commission (Ferc) to start trading in the US wholesale power markets, in a move many see as significant for the future of the sector.

The energy regulator gave approval on October 30, saying BoA’s entry benefits customers by introducing a new seller to the market.

But Ferc delayed ruling on another request from BoA, for a special waiver that would allow it to continue acquiring securities of US utilities. The regulator

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