Truth in Electricity Trading Act of 2002

This bill, introduced in 2002, aimed to ban a practice known as "round-trip trading" in the wholesale electricity market. This occurs when two companies trade the same amount of power back and forth at the same price within a week, creating the illusion of high market activity without actually moving any electricity. By prohibiting these artificial transactions, the legislation sought to prevent energy companies from manipulating market data to inflate their stock prices or drive up the costs of electricity for consumers.