The Federal Energy Regulatory Commission (FERC) on Tuesday announced that it will launch a study into whether green energy should be regulated.
The move comes after a bipartisan group of lawmakers asked the commission to consider the impact of regulation on investors and the environment.
“Investors should be able to know that the prices they pay for energy and electricity are driven by a rigorous, transparent and objective assessment of the economic benefits of energy-efficient technologies,” Rep. Jared Polis, a Democrat from Colorado, and Rep. Mike Doyle, a Republican from Pennsylvania, wrote in a letter to the commission.
“It is time to revisit how to regulate energy and the economy, so that consumers have confidence that the energy they buy meets the needs of their families and communities.”
In addition to the energy industry, the commission is considering a wide variety of industries, including energy conservation, wind energy, and solar energy.
It also will look at energy storage and distributed energy resources.
The FERC study will examine the effects of regulations on the green energy sector.
“We are encouraged by the progress we have made in the last decade toward the development of the Federal Energy Policy Act, which was the framework for the Federal energy regulatory system,” FERC Commissioner David Yost said in a statement.
“In the coming months, the Commission will conduct a comprehensive analysis of the impact on the Federal government of proposed regulations, and will take a more thorough look at the impact that future regulations may have on investors.”
FERC will look to the federal courts to determine if regulations should be put in place.
“There is a lot more work to be done before we can truly understand the full impact of a regulatory regime on the energy markets, on consumers, and on the environment,” Polis said.
The Hill’s Matt Miller contributed to this report.