What is FERC doing to reduce electricity and natural gas prices?
FERC is working with the states to monitor the natural gas and electricity markets to ensure that energy companies are not holding back supplies and manipulating the markets and prices. FERC has also taken action against energy companies that have violated federal energy law. See Market Oversight & Investigations and Settlements. FERC is also trying to reduce prices by providing financial incentives to energy companies to build more natural gas and electric generation facilities to keep up with the increased demand. This is primarily done by allowing energy companies to sell energy at “market based rates.” FERC is promoting conservation and Demand Response. The latter would offer financial incentives to industry and individuals to not consume energy at certain times. This reduces the demand for electricity and reduces prices.
