2: Competitive Markets
Support Competitive Markets Other Information:
The Commission will continue to develop rules that encourage fair and effective competitive markets and prevent the accumulation
and exercise of market power.The Commission is charged by statute with ensuring that prices in jurisdictional energy markets
remain just and reasonable and not unduly discriminatory or preferential. One way the Commission can do this is to preserve
and expand the transparency of information and operations in energy markets. This in turn relies on Commission rules being
effective at encouraging fair and efficient competitive markets. The Commission will accomplish this primarily through: •
its rate and corporate jurisdiction under sections 205, 206 and 203 ofthe FPA; • its rate jurisdiction under sections 4 and
5 of the NGA; and • EPAct 2005 amendments to the FPA and NGA related to market operations, including new transparency provisions
and antimanipulation provisions. To help accomplish these goals, the Commission reorganized the staff and structure from the
Office of Markets, Tariffs and Rates into the Office of Energy Markets and Reliability in early FY 2006. Changes were also
made to the Office of Market Oversight and Investigations which resulted in the new Office of Enforcement. These realignments
match the Commission’s work in the areas of competitive markets and enforcement.
Objective(s):
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