With the recent repeal of the Public Utilities Holding Company Act, a new round of merger activity in the electric power industry is expected. Simultaneously, recent evolution of regional transmission organization (RTO) and independent system operator (ISO) market power rules complicates the landscape for assessing whether or not market power is being exercised in the relatively new wholesale spot markets for energy, capacity and ancillary services.

Synapse analyzes market power in the context of wholesale electricity market restructuring, energy company mergers, and anti-trust investigations. Our team of experts conducts quantitative studies using models such as PROSYM and ELMO. We also review market power analyses filed by others, and we assist clients with negotiations involving market power monitoring and mitigation procedures.

	Testimony before the New Jersey Public Utilities Commission on behalf of the New Jersey Ratepayer Advocate highlighting the market power concerns associated with the proposed Exelon-PSEG merger
	Testimony before the Indiana Utilities and Regulatory Commission on consumer protection concerns and merger savings allocation between ratepayers and shareholders in the Cinergy-Duke merger case
	Development of guidelines for analyses of market power in wholesale electricity markets in Arkansas, for the Arkansas Public Service Commission Staff
	Assistance to the Maine Attorney General and Office of People's Counsel in developing market power monitoring and mitigation policies for ISO-New England
	Testimony before FERC on the market power problems and barriers to entry created by the AEP-CSW merger