What a time to be thinking about electricity bills getting too high. The Citizens Utility Board says an auction of “capacity costs” – a mechanism meant to make power available for everyone even on the hottest of summer days – is hinky.
“Is the auction structured in a way that allows certain power generators to dominate the process and unfair set a price?” CUB spokesman Jim Chilsen asks of the Midcontinent Independent Systems Operation. “In fact, the attorney general has asked whether Dynegy wields too much power in this capacity auction.”
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Consumer costs in the southern two-thirds of the state could go up 30 percent in some places, CUB says. The organization, along with Ameren, is an intervenor in the complaint filed by the attorney general's office.