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SC ruling portends lower power rates for ratepayers

THE cloud of uncertainty that hovered over stakeholders in the power sector was lifted by the Supreme Court (SC) decision on May 3 on the competitive procurement of power supply by distribution utilities, mainly for residential ratepayers. The aims and expected results of that decision are to be lauded. If the Department of Energy (DoE) and the Energy Regulatory Commission (ERC) hew to the spirit of the court’s decision well, ratepayers can expect lower rates than will otherwise be, and would have been, the case. But there are implementation challenges that have to be addressed.