Federal law charges the Commission with enforcing a variety of laws and regulations pertaining to utilities and energy matters. These and related Commission policies include prohibitions on market manipulation. Within the Commission, its Office of Enforcement houses various functions related to enforcing anti-market manipulation.
In its tenth annual Report on Enforcement, the Office of Enforcement provides information on the activities of all four OE Divisions: Analytics and Surveillance, Audits and Accounting, Energy Market Oversight, and Investigations.
As described in a related presentation by staff to the Commission:
A major theme reflected in this year’s Annual Report is the consistency in the Commission’s enforcement program. OE’s priorities have not changed over the past few years. We have focused, and will continue to focus, on four distinct areas: (1) fraud and market manipulation; (2) serious violations of the Reliability Standards; (3) anticompetitive conduct; and (4) conduct that threatens transparency in regulated markets.Staff also published two white papers covering compliance practices and enforcement efforts: