FERC approved a policy statement on how it would review carbon pricing proposals in organized wholesale electricity markets.

FERC’s proposed policy statement on carbon pricing won wide support, although some expressed doubt that it will spur adoption.

Present and former regulators told NARUC they are skeptical that carbon pricing and capacity markets would achieve decarbonization.

FERC invited states to introduce carbon pricing in wholesale markets but said it had no authority to initiate such programs itself.

Most panelists urged FERC to support state and RTO efforts to introduce carbon pricing during a daylong technical conference.

FERC will hold two technical conferences this year: one to examine carbon pricing in wholesale markets, and another to consider transmission policies in relation to offshore wind.

Independent power producers and renewable energy groups petitioned FERC to convene a conference on integrating carbon pricing in the electric markets.