Sec. 3221. GAO study on wholesale electricity markets
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Not later than 1 year after the date of enactment of this Act, the Comptroller General shall submit to the Committee on Energy and Commerce of the House of Representatives and the Committee on Energy and Natural Resources of the Senate a report describing the results of a study of whether and how the current market rules, practices, and structures of each regional transmission entity produce rates that are just and reasonable by— facilitating fuel diversity, the availability of generation resources during emergency and severe weather conditions, resource adequacy, and reliability, including the cost-effective retention and development of needed generation; promoting the equitable treatment of business models, including different utility types, the integration of diverse generation resources, and advanced grid technologies; identifying and addressing regulatory barriers to entry, market-distorting incentives, and artificial constraints on competition; providing transparency regarding dispatch decisions, including the need for out-of-market actions and payments, and the accuracy of day-ahead unit commitments; facilitating the development of necessary natural gas pipeline and electric transmission infrastructure; ensuring fairness and transparency in governance structures and stakeholder processes, including meaningful participation by both voting and nonvoting stakeholder representatives; ensuring the proper alignment of the energy and transmission markets by including both energy and financial transmission rights in the day-ahead markets; facilitating the ability of load-serving entities to self-supply their service territory load; considering, as appropriate, State and local resource planning; and mitigating, to the extent practicable, the disruptive effects of tariff revisions on the economic decisionmaking of market participants.
In this section: The term load-serving entity has the meaning given that term in section 217 of the Federal Power Act ( 16 U.S.C. 824q ). The term regional transmission entity means a Regional Transmission Organization or an Independent System Operator, as such terms are defined in section 3 of the Federal Power Act ( 16 U.S.C. 796 ).
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