Publications

    Livengood, Erich, Steve T. “Clearing Manager Financial Transmission Rights: Prudential Security Assessment Methodology Review. Consultation on proposed methodology in accordance with the Electricity Industry Participation Code of 2010.” In, 2012.Abstract
    Livengood, Erich, Steve Torrens, and Matthew Steans. Clearing Manager Financial Transmission Rights: Prudential Security Assessment Methodology Review. Consultation on proposed methodology in accordance with the Electricity Industry Participation Code of 2010." NZX Energy, 10 April 2012."
    Hogan, William W.Electricity Scarcity Pricing Through Operating Reserves: An ERCOT Window of Opportunity.” In, 2012. Publisher's VersionAbstract
    Texas has a window of opportunity to complement its resource adequacy initiatives with an accelerated program to adopt an operating reserve demand curve. Suppressed prices in real-time markets provide inadequate incentives for both generation investment and active participation by demand bidding. An operating reserve demand curve developed from first principles would improve reliability, support adequate scarcity pricing, and be straightforward to implement within the framework of economic dispatch. This approach would be fully compatible with other market-oriented policies, the existing Texas “energy only” market design, and the proposed options for long-term resource adequacy.

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