it is time to lift the veil of secrecy around energy markets in this country. Now that electric power is being traded as a commodity, with electricity bought and sold in markets all across the country, basic information about things like transmission capability and outages must be made available to the public. This information is crucial both for the markets to function efficiently and for the public to have confidence in these markets. But, unlike other commodities, it is often difficult to get basic information about how electric power systems and markets work. Information about the supply, demand and transmission of electricity around the country is simply unavailable in many areas of the country to State regulators and the general public. The electric power industry has not made this information available, and without Congressional action, Americans will continue to be kept in the dark about information they need to make informed choices and which will enable energy markets to work in a fair way. Today, along with Senator Burns, I am introducing the Electricity Information, Disclosure, Efficiency, and Accountability Act to open up access to operating information so that the markets can operate more efficiently, which can ultimately provide lower prices for consumers.
Editor's note · Context
Addressing the need for transparency in energy markets and introducing related legislation.
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