Energy Policy Act of 1992
- Energy Policy Act of 1992
(EPACT)
A comprehensive legislative package that mandates and encourages energy efficiency standards, alternative fuel use, and the development of renewable energy technologies. Public Law 102-486, October 24th, 1992. Also authorized the Federal Energy Regulatory Commission (FERC) to order the owners of electric power transmission lines to transmit or "wheel" power for power generators including electric utilities, federal power marketing authorities, and exempt wholesale generators.
This act which was the first comprehensive federal energy law promulgated in more than a decade will help create a more competitive U.S. electric power marketplace by removing barriers to competition. By doing so, this act allows a broad spectrum of independent energy producers to compete in wholesale electric power markets. The act also made significant changes in the way power transmission grids are regulated. Specifically, the law gives the Federal Energy Regulatory Commission the authority to order electric utilities to provide access to their transmission facilities to other power suppliers.
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This legislation creates a new class of power generators, exempt wholesale generators, that are exempt from the provisions of the Public Holding Company Act of 1935 and grants the authority to the Federal Energy Regulatory Commission to order and condition access by eligible parties to the interconnected transmission grid.
U.S. Dept. of Energy, Energy Information Administration's Energy Glossary
Energy terms .
2014.
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