Energy cost refers to the expenditure on all sources of energy required by an organization, including electricity, gas, solid fuels, oil, and steam. Managing energy costs effectively can significantly impact an organization's bottom line and sustainability goals.
The Federal Energy Regulatory Commission (FERC) is a crucial independent agency that oversees the interstate transmission of electricity, natural gas, and oil in the United States. Additionally, FERC reviews proposals to establish liquefied natural gas (LNG) terminals and interstate natural gas pipelines, and it licenses hydropower projects.
The Federal Power Commission (FPC) was a regulatory agency in the United States aimed at overseeing and regulating the energy industries, including natural gas and electricity. It has since been replaced by the Federal Energy Regulatory Commission (FERC).
Public utilities are for-profit companies characterized by natural monopolies due to the nature of their business, leading to government regulation to ensure fair pricing and distribution.
