Why Wall Street gets a cut of your power bill
The director of the California ISO's market monitoring division advocates the termination of a trading program tied to electricity transmission. Between 2009 and 2017, the trading cost the state's ratepayers an average of $76 million per year, according to a report prepared by the monitoring division. For those familiar with the trading initiative, are there benefits not addressed in the article? Do you agree or disagree with the recommendation to end trading?
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