The Real Grid Crisis Is A State Policy Problem Dressed Up As A Market Failure

The grid crisis isn't due to market failures but rather state policy missteps, as highlighted by Todd Snitchler. PJM, the largest U.S. grid operator, struggles with too many conflicting state interests, hindering its ability to act swiftly. This dysfunction has prompted the Federal Energy Regulatory Commission (FERC) to hold a governance conference, underscoring the need for streamlined decision-making. The implications are significant, pointing to potential inefficiencies that could affect energy reliability and cost.