The Federal Energy Regulatory Commission (FERC) made waves last week when it approved a proposal by PJM to reduce the number of bidding locations for increment offers, decrement bids and up-to-congestion transactions by nearly 90%. These virtual transactions are trades that can be used to arbitrage price differences between the day-ahead and real-time markets and hedge financial exposure to physical positions.
Ever get the feeling that cyber criminals are always at least one step ahead of the authorities and the rest of us? That there is nothing standing between them and your company becoming the next Target, the next Home Depot, the next Yahoo? That it’s just a matter of time before the next massive data breach occurs, further destabilizing consumer trust in our cyber infrastructure.