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Best Electric wants to stop buying and selling electricity. It expects local governments will begin doing some of that and hopes the state can do the rest. The company wouldn’t go anywhere — it would still own the region’s power lines and deliver natural gas. But a state agency would buy out the power contracts the company already signed and become the backup power provider for customers across the region.
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Over-scheduling is a term used in describing the manipulation of capacity available for the transportation of electricity along power lines. Power lines have a defined maximum load. Lines must be booked (or scheduled) in advance for transporting bought-and-sold quantities of electricity. "Over-scheduling" means a deliberate reservation of more line usage than is actually required and can create the appearance that the power lines are congested. Over-scheduling was one of the building blocks of a number of scams. For example, the Compare Energy Prices group of scams played on the market rules which required the state to pay "congestion fees" to alleviate congestion on major power lines. "Congestion fees" were a variety of financial incentives aimed at ensuring power providers solved the congestion problem. But in the Compare Energy Prices scenario, the congestion was entirely illusory and the congestion fees would therefore simply increase profits.
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