Market Design
Find papers and presentations on all market design topics;
Capacity Markets, Competitive Market Models, ELMP, Financial Transmission Rights, investment incentives, lessons from abroad, lessons from other industries, LMP, price formation, regional transmission organizations, retail pricing, and. scarcity pricing.
Capacity Markets
2021
“Barry Smitherman - Review of February 2021 Extreme Cold Weather Event”. 2021. Reprint, HEPG, 2021.
“Barry Smitherman - Review of February 2021 Extreme Cold Weather Event”. 2021. Reprint, HEPG, 2021.
“William Hogan - Stranded Assets and Transition Costs ”. 2021. Reprint, HEPG, 2021.
“William Hogan - Stranded Assets and Transition Costs ”. 2021. Reprint, HEPG, 2021.
Group, Advanced Energy Buyers. “Organized Wholesale Market and Corporate Advanced Energy Procurement-.”
Group, Advanced Energy Buyers. “Organized Wholesale Market and Corporate Advanced Energy Procurement-.”
Bichler, Martin, and Hans Ulrich Buhl, eds. “Electricity Spot Market Design 2030-2050.”
Bichler, Martin, and Hans Ulrich Buhl, eds. “Electricity Spot Market Design 2030-2050.”
2020
“Andreas Tires - Can We Have Capacity Mechanisms in Europe?”. 2020. Reprint, HEPG, 2020.
“Andreas Tires - Can We Have Capacity Mechanisms in Europe?”. 2020. Reprint, HEPG, 2020.
Hogan, William W. “ELECTRICITY MARKET DESIGN: MULTI-INTERVAL PRICING MODELS”. In.
Hogan, William W. “ELECTRICITY MARKET DESIGN: MULTI-INTERVAL PRICING MODELS”. In.
Tirez, Andreas. “Can We Have Capacity Mechanisms in Europe?”. In.
Tirez, Andreas. “Can We Have Capacity Mechanisms in Europe?”. In.
Weiss, Jurgen. “Who’s Afraid of 100%?”. Utility Dive, 2020.
Weiss, Jurgen. “Who’s Afraid of 100%?”. Utility Dive, 2020.
The articles describes 100% renewable/clean energy systems and argues that they may be less costly and easier to achieve than is often argued in the industry.
O’Neill, Richard. “Multi-Period Look Ahead Markets: Price Formation and Dispatch ”, 2020.
O’Neill, Richard. “Multi-Period Look Ahead Markets: Price Formation and Dispatch ”, 2020.
Hogan, William W. “CarbonPricing InOrganizedWholesale Electricity Markets ”. In.
Hogan, William W. “CarbonPricing InOrganizedWholesale Electricity Markets ”. In.
Excerpt from the Introduction:
Thank you for the opportunity to participate in this technical conference. My comments here and during the conference are my own and do not represent the opinions of anyone else. The focus of my remarks will be on carbon...
Competitive Market Models
2021
Group, Advanced Energy Buyers. “Organized Wholesale Market and Corporate Advanced Energy Procurement-.”
Group, Advanced Energy Buyers. “Organized Wholesale Market and Corporate Advanced Energy Procurement-.”
Hogan, William W. “ELECTRICITY MARKET DESIGN: MULTI-INTERVAL PRICING MODELS”, 2021.
Hogan, William W. “ELECTRICITY MARKET DESIGN: MULTI-INTERVAL PRICING MODELS”, 2021.
Hogan, William W. “ELECTRICITY MARKET DESIGN, 2021”. In.
Hogan, William W. “ELECTRICITY MARKET DESIGN, 2021”. In.
2020
Hogan, William W. “MACRO-ENERGY MODELS: LOOKING BACK AND LOOKING FORWARD ”. In.
Hogan, William W. “MACRO-ENERGY MODELS: LOOKING BACK AND LOOKING FORWARD ”. In.
Hartman, Devin. “ Are Changes in Markets IncreasingEthical Challenges? ”. In.
Hartman, Devin. “ Are Changes in Markets IncreasingEthical Challenges? ”. In.
Dutra, Joisa. “Markets Abroad: Learning by Looking”. In. HEPG, 2020.
Dutra, Joisa. “Markets Abroad: Learning by Looking”. In. HEPG, 2020.
Financial Transmission Rights
2018
Hogan, William W. “ELECTRICITY MARKET DESIGN The Value of FTRs ”. In.
Hogan, William W. “ELECTRICITY MARKET DESIGN The Value of FTRs ”. In.
2016
Hogan, William W. “Electricity Market Design: Financial Transmission Rights..”
Hogan, William W. “Electricity Market Design: Financial Transmission Rights..”
Hogan, William. Electricity Market Design: Financial Transmission Rights." Presentation to the CIDE Electricity Policy Group. Mexico, April 14, 2016.
2011
Wissman, Kim. "FERC’s Planning and Cost Allocation Guidelines: Will They Alter the Dynamics of Siting Multi-State Transmission Lines?" Presentation to the Harvard Electricity Policy Group Sixty-Fourth Plenary Session. Nashville, TN, September 22, 2011.
2010
Coscia, Carl. “Constellation Energy: Comments on Proposed OTC Reforms.”. In.
Coscia, Carl. “Constellation Energy: Comments on Proposed OTC Reforms.”. In.
Coscia, Carl. Constellation Energy: Comments on Proposed OTC Reforms. Presentation to the Harvard Electricity Policy Group, Fifty-Ninth Plenary Session. Cambridge, MA. May 20, 2010. 10 pages.
2009
Zichella, Carl. “Renewable Transmission: Rights, Wrongs and Conflicts. Access, Pricing, Jurisdiction or Goals? ”. In.
Zichella, Carl. “Renewable Transmission: Rights, Wrongs and Conflicts. Access, Pricing, Jurisdiction or Goals? ”. In.
2006
Executive Summary
In the framework of the EC Regulation 1228/2003, the goal of this background paper is to provide a description of the different market based solutions available for transmission risk hedging in congestion management. This paper presents...
Investment Incentives
2023
Hogan, William. “Carbon Emission Prices and Electricity Market Subsidies”. In HEPG Virtual Session: Unpacking the IRA. May 31, 2023. Cambridge (virtual), 2023.
Hogan, William. “Carbon Emission Prices and Electricity Market Subsidies”. In HEPG Virtual Session: Unpacking the IRA. May 31, 2023. Cambridge (virtual), 2023.
Stephenson, Caleb. “Unpacking the IRA: A Perspective of CCUS in the Power Sector”. In HEPG Virtual Session: Unpacking the IRA. Cambridge (virtual), 2023.
Stephenson, Caleb. “Unpacking the IRA: A Perspective of CCUS in the Power Sector”. In HEPG Virtual Session: Unpacking the IRA. Cambridge (virtual), 2023.
Bistline, John. “Energy System Impacts of the Inflation Reduction Act: Insights from EPRI’s US-REGEN Model”. In HEPG Virtual Session: Unpacking the IRA.
Bistline, John. “Energy System Impacts of the Inflation Reduction Act: Insights from EPRI’s US-REGEN Model”. In HEPG Virtual Session: Unpacking the IRA.
Wolfram, Catherine. “Economic Implications of the Climate Provisions in the Inflation Reduction Act”. In HEPG Virtual Session: Unpacking the IRA. Cambridge (virtual), 2023.
Wolfram, Catherine. “Economic Implications of the Climate Provisions in the Inflation Reduction Act”. In HEPG Virtual Session: Unpacking the IRA. Cambridge (virtual), 2023.
Bistline, John, Neil Mehrota, and Catherine Wolfram. “Economic Implications of the Climate Provisions of the Inflation Reduction Act”. Brookings Institution, 2023.
Bistline, John, Neil Mehrota, and Catherine Wolfram. “Economic Implications of the Climate Provisions of the Inflation Reduction Act”. Brookings Institution, 2023.
2009
Bodmer, Edward. “The Deregulation Penalty: Losses for Consumers and Gains for Sellers Appendices”. In.
Bodmer, Edward. “The Deregulation Penalty: Losses for Consumers and Gains for Sellers Appendices”. In.
Bodmer, Edward. The Deregulation Penalty: Losses for Consumers and Gains for Sellers. A Report to the American Public Power Association, May 2009. 20 pages. Appendices, 25 pages.
2022
Sedano, Rich. “Everything Is Different: Reflection on the States”. In HEPG Virtual Session Everything Is Different: Ukraine, Energy, Climate, and Electricity Markets, May 5.
Sedano, Rich. “Everything Is Different: Reflection on the States”. In HEPG Virtual Session Everything Is Different: Ukraine, Energy, Climate, and Electricity Markets, May 5.
Hartman, Devin. “Ukraine, Energy, Climate, and Electricity Markets”. In HEPG Virtual Session Ukraine, Energy, Climate, and Electricity Markets, May 5.
Hartman, Devin. “Ukraine, Energy, Climate, and Electricity Markets”. In HEPG Virtual Session Ukraine, Energy, Climate, and Electricity Markets, May 5.
2021
Bichler, Martin, and Hans Ulrich Buhl, eds. “Electricity Spot Market Design 2030-2050.”
Bichler, Martin, and Hans Ulrich Buhl, eds. “Electricity Spot Market Design 2030-2050.”
Green, Richard, and Iain Staffell. “Richard Green and Iain Staffell - The Contribution of Taxes, Subsidies and Regulations to British Electricity Decarbonisation.”
Green, Richard, and Iain Staffell. “Richard Green and Iain Staffell - The Contribution of Taxes, Subsidies and Regulations to British Electricity Decarbonisation.”
Great Britain’s carbon emissions from electricity generation fell by two-thirds between 2012 and 2019, providing an important example for other nations. This rapid transition was driven by a complex interplay of policies and events: investment in...
2020
“Andreas Tires - Can We Have Capacity Mechanisms in Europe?”. 2020. Reprint, HEPG, 2020.
“Andreas Tires - Can We Have Capacity Mechanisms in Europe?”. 2020. Reprint, HEPG, 2020.
Excerpt from the introduction:
In a 2019 Issues Paper under its Transmission Pricing Review, the Electricity Authority of New Zealand set out a framework for efficient electricity system investment, cost allocation, and pricing. The basic design...
Faruqui, Ahmad. “DISPATCHING DEMAND VIA DYNAMIC PRICING”. In.
Faruqui, Ahmad. “DISPATCHING DEMAND VIA DYNAMIC PRICING”. In.
Tirez, Andreas. “Can We Have Capacity Mechanisms in Europe?”. In.
Tirez, Andreas. “Can We Have Capacity Mechanisms in Europe?”. In.
Dutra, Joisa. “Markets Abroad: Learning by Looking”. In. HEPG, 2020.
Dutra, Joisa. “Markets Abroad: Learning by Looking”. In. HEPG, 2020.
2019
Papavasiliou, Anthony. “Market Reforms for Stressed Conditions: The Case of Europe ”. In.
Papavasiliou, Anthony. “Market Reforms for Stressed Conditions: The Case of Europe ”. In.
2017
Vietor, Richard H.K. “Mexico’s Energy Reform.”. In.
Vietor, Richard H.K. “Mexico’s Energy Reform.”. In.
Vietor, Richard H.K. and Sheldahl-Thomason, Haviland, Mexico's Energy Reform." January 23, 2017. Boston, MA: Harvard Business School Publishing."
2016
Pavlovic, Jeff. Regional. “Regional Address to the CAISO Stakeholder Symposium: Electricity Reform in Mexico”. In.
Pavlovic, Jeff. Regional. “Regional Address to the CAISO Stakeholder Symposium: Electricity Reform in Mexico”. In.
Pavlovic, Jeff. Regional Address to the CAISO Stakeholder Symposium: Electricity Reform in Mexico." Presentation to the Secretaria de Energia, October 2016."
LMP
2021
Gavan, John C., and Rob Gramlich. “John C. Gavan and Rob Gramlich - A New State-Federal Cooperation Agenda for Regional and Interregional Transmission.”
Gavan, John C., and Rob Gramlich. “John C. Gavan and Rob Gramlich - A New State-Federal Cooperation Agenda for Regional and Interregional Transmission.”
Excerpt from the Introduction:
The experience of grid operators and planners in the United States and around the world has shown that both decarbonization and power system resilience will require large-scale regional and inter-regional trans- mission...
2020
Faruqui, Ahmad. “DISPATCHING DEMAND VIA DYNAMIC PRICING”. In.
Faruqui, Ahmad. “DISPATCHING DEMAND VIA DYNAMIC PRICING”. In.
2019
Kelly, John. “Utility of the Future”. In.
Kelly, John. “Utility of the Future”. In.
2016
Group, Energy Policy. “Competition in Bilateral Wholesale Electric Markets: How Does It Work?”. In.
Group, Energy Policy. “Competition in Bilateral Wholesale Electric Markets: How Does It Work?”. In.
Intorduction:
In one of the first laws establishing regulation of the electric utility industry, the Federal Power Act of 1920 (FPA) there was a recognition that there were two types of transactions commonly entered into in the industry that would be...
Hogan, William W. “Virtual Bidding and Electricity Market Design”. In.
Hogan, William W. “Virtual Bidding and Electricity Market Design”. In.
Summary:
Summary Efficient electricity day-ahead market designs include virtual transactions. These are financial contracts awarded at day-ahead prices and settled at real-time prices. In PJM these virtual transactions include incremental offers (INCs)...
2011
Bushnell, James, Scott Harvey, Benjamin Hobbs, and Steven Soft. “Opinion on Economic Issues Raised by FERC Order 745, ‘Demand Response Compensation in Organized Wholesale Energy Markets’ ”, 2011.
Bushnell, James, Scott Harvey, Benjamin Hobbs, and Steven Soft. “Opinion on Economic Issues Raised by FERC Order 745, ‘Demand Response Compensation in Organized Wholesale Energy Markets’ ”, 2011.
EXCERPT FROM THE INTRODUCTION:
On March 15, 2011, the Federal Energy Regulatory Commission released Order 745. The pur- pose of the Order was to require that demand response (DR) resources participating in RTO or ISO markets are paid at the locational...
2021
“Gordon Van Welie - New England’s Changing Resource Mix; Challenges for Power System Operations ”. 2021. Reprint, HEPG, 2021.
“Gordon Van Welie - New England’s Changing Resource Mix; Challenges for Power System Operations ”. 2021. Reprint, HEPG, 2021.
“Richard Doying - Order 2000 Revisited: FERC Market Expansion and RTO Policy, Where Are We Now?”. 2021. Reprint, HEPG, 2021.
“Richard Doying - Order 2000 Revisited: FERC Market Expansion and RTO Policy, Where Are We Now?”. 2021. Reprint, HEPG, 2021.
“Jeff Dennis - The Future Role of Regional Transmission Organizations”. 2021. Reprint, HEPG, 2021.
“Jeff Dennis - The Future Role of Regional Transmission Organizations”. 2021. Reprint, HEPG, 2021.
“Pat Wood, III - FERC Order No. 2000, Revisited”. 2021. Reprint, HEPG, 2021.
“Pat Wood, III - FERC Order No. 2000, Revisited”. 2021. Reprint, HEPG, 2021.
Doying, Richard. “Order 2000 Revisited: FERC Market Expansion and RTO Policy, Where Are We Now?”. In.
Doying, Richard. “Order 2000 Revisited: FERC Market Expansion and RTO Policy, Where Are We Now?”. In.
Dennis, Jeff. “The Future Role of Regional Transmission Organizations”. In.
Dennis, Jeff. “The Future Role of Regional Transmission Organizations”. In.
2020
Curlee, Heather. “PURPA Perspective”. In.
Curlee, Heather. “PURPA Perspective”. In.
2018
Hogan, William W. “Western Energy Imbalance Market: An Efficient Market With Conflicting Carbon Policies”. In.
Hogan, William W. “Western Energy Imbalance Market: An Efficient Market With Conflicting Carbon Policies”. In.
Hogan, William. Western Energy Imbalance Market: an Efficient Market with Conflicting Carbon Policies (January 8, 2018)
2016
Lucas, Todd. “Interregional Transmission Service and Operations”. In.
Lucas, Todd. “Interregional Transmission Service and Operations”. In.
Lucas, Todd. Interregional Transmission Service and Operations." Presentation to the Harvard Electricity Policy Group's 83rd Plenary Session. Cambridge, MA, June 2, 2016."
Curran, Jennifer. “Beyond Order 1000: Seams Operations and Congestion Management”. In.
Curran, Jennifer. “Beyond Order 1000: Seams Operations and Congestion Management”. In.
Curran, Jennifer. "Beyond Order 1000: Seams Operations and Congestion Management." Presentation to the Harvard Electricity Policy Group's 83rd Plenary Session. Cambridge, MA, June 2, 2016.
Bleiweis, Bruce. “US ISO Governance: Summary & Observations"”. In.
Bleiweis, Bruce. “US ISO Governance: Summary & Observations"”. In.
Bleiweis, Bruce. US ISO Governance: Summary & Observations." Presentation to the Harvard Electricity Policy Group's 82nd Plenary Session. Washington, DC, March 10, 2016."
Ramey, Todd. “Value of Flexibility in MISO Dispatch and Pricing.”. In.
Ramey, Todd. “Value of Flexibility in MISO Dispatch and Pricing.”. In.
Ramey, Todd. Value of Flexibility in MISO Dispatch and Pricing." Presentation to the Harvard Electricity Policy Group's 82nd Plenary Session. Washington, DC, March 10, 2016."
Nelson, Jeffrey. “The Stakeholder Experience: The California ISO”. In.
Nelson, Jeffrey. “The Stakeholder Experience: The California ISO”. In.
Nelson, Jeffrey. The Stakeholder Experience: The California ISO." Presentation to the Harvard Electricity Policy Group's 82nd Plenary Session. Washington, DC, March 10, 2016."
Wilson, Elizabeth. “Stakeholder Processes”. In.
Wilson, Elizabeth. “Stakeholder Processes”. In.
Wilson, Elizabeth. Stakeholder Processes." Presentation to the Harvard Electricity Policy Group's 82nd Plenary Session. Washington, DC, March 10, 2016."
Anders, Dave. “PJM Stakeholder Process"”. In.
Anders, Dave. “PJM Stakeholder Process"”. In.
Anders, Dave. PJM Stakeholder Process." Presentation to the Harvard Electricity Policy Group's 82nd Plenary Session. Washington, DC, March 10, 2016."
“The Value of Transmission”. In.
“The Value of Transmission”. In.
Southwest Power Pool. The Value of Transmission." January 2016."
2015
State of the Market Report for PJM: Introduction." Monitoring Analytics. March 2015."
“RTOs and ISOs: Uniformity”. In.
“RTOs and ISOs: Uniformity”. In.
and Future Challenges"
“NYISO Governance”. In.
“NYISO Governance”. In.
Bie, Ave. NYISO Governance." Presentation to the Harvard Electricity Policy Group 78th Plenary Session, Half Moon Bay, CA, March 2015."
Excerpt from the Executive Summary
Background
The Environmental Protection Agency’s proposed Clean Power Plan (CPP), published in June 2014, raises substantial operational challenges for regional transmission organizations (RTOs). In the CPP, EPA...
State of the Market Report for PJM: Detailed Analysis." Monitoring Analytics. March 2015."
2014
EXCERPT FROM THE EXECUTIVE SUMMARY:
This paper is part of an effort to evaluate matters affecting price formation in the energy and ancillary services markets operated by Regional Transmission Operators (RTOs) and Independent System Operators (ISOs)...
Group, The Brattle. “Estimating the Economically Optimal Reserve Margin in ERCOT.”. In.
Group, The Brattle. “Estimating the Economically Optimal Reserve Margin in ERCOT.”. In.
The Brattle Group. Estimating the Economically Optimal Reserve Margin in ERCOT." Prepared for the Public Utility Commission of Texas. January 31, 2014."
Keech, Adam. “ Environmental Dispatch”. In.
Keech, Adam. “ Environmental Dispatch”. In.
Keech, Adam. "Environmental Dispatch." Presentation to the Harvard Electricity Policy Group 77th Plenary Session, New Orleans, LA, December 2014.
2013
Wadsworth, Joe. “Electricity)Trading:)How)Do)We) Improve)the)Value)Added? ”. In.
Wadsworth, Joe. “Electricity)Trading:)How)Do)We) Improve)the)Value)Added? ”. In.
Wadsworth, Joseph. "Electricity Trading: How Do We Improve the Value Added?" Harvard Electricity Policy Group 73rd Plenary Session, Marana, AZ. 10 pages.
Brown, Garry. “Regional Transmission Organizations: Successes and Challenges.”. In.
Brown, Garry. “Regional Transmission Organizations: Successes and Challenges.”. In.
Brown, Garry. Regional Transmission Organizations: Successes and Challenges." Harvard Electricity Policy Group 72nd Plenary Session, September 26, 2013. 20 pages."
Barton, Lisa. “RTOs: Successes and Challenges.”. In.
Barton, Lisa. “RTOs: Successes and Challenges.”. In.
Barton, Lisa. RTOs: Successes and Challenges." Harvard Electricity Policy Group 72nd Plenary Session, September 26, 2013. 9 pages."
Ott, Andrew. “Regional Transmission Organizations: Successes and Challenges.”. In.
Ott, Andrew. “Regional Transmission Organizations: Successes and Challenges.”. In.
Ott, Andrew. Regional Transmission Organizations: Successes and Challenges." Harvard Electricity Policy Group 72nd Plenary Session, September 26, 2013. 8 pages."
LaPlante, David. “Markets and Generator Fuel Security in New England.”. In.
LaPlante, David. “Markets and Generator Fuel Security in New England.”. In.
LaPlante, David. ‰ÛÏMarkets and Generator Fuel Security in New England.‰Û Presentation to Harvard Electricity Policy Group, 68th Plenary Session, October 11, 2012. 13 pages.
2020
Dismukes, David. “Ratepayer Benefits of Reforming PURPA”. In.
Dismukes, David. “Ratepayer Benefits of Reforming PURPA”. In.
Hartman, Devin. “PURPA: A Time to Reform or Reduce Its Role?”. In.
Hartman, Devin. “PURPA: A Time to Reform or Reduce Its Role?”. In.
2019
Howat, John. “Rate Design and Public Policy: Tools to Reverse Energy Utility System Inequities ”. In.
Howat, John. “Rate Design and Public Policy: Tools to Reverse Energy Utility System Inequities ”. In.
Papavasiliou, Anthony. “Market Reforms for Stressed Conditions: The Case of Europe ”. In.
Papavasiliou, Anthony. “Market Reforms for Stressed Conditions: The Case of Europe ”. In.
Kavulla, Travis. “Forming Expectations about Price Formation ”. In.
Kavulla, Travis. “Forming Expectations about Price Formation ”. In.
Hogan, Michael. “Forming Expectations for Price Formation: An International Perspective ”. In.
Hogan, Michael. “Forming Expectations for Price Formation: An International Perspective ”. In.
Peress, Jonathan. “Gas and Electric Coordination: Evolution or Revolution? ”. In.
Peress, Jonathan. “Gas and Electric Coordination: Evolution or Revolution? ”. In.
Chang, Judy. “Potential Cost Savings Offered by Competitive Transmission ”. In.
Chang, Judy. “Potential Cost Savings Offered by Competitive Transmission ”. In.
Dolan, Dan. “Decline in Revenues:Impact on Generators and Utilities and Options for Response”. In. MANDARIN ORIENTAL HOTEL-WASHINGTON, D.C., 2019.
Dolan, Dan. “Decline in Revenues:Impact on Generators and Utilities and Options for Response”. In. MANDARIN ORIENTAL HOTEL-WASHINGTON, D.C., 2019.
Jurewitz, John L. “California’s 2000-2001 Electricity Crisis:Causes and Lessons”. In. MANDARIN ORIENTAL HOTEL-WASHINGTON, D.C., 2019.
Jurewitz, John L. “California’s 2000-2001 Electricity Crisis:Causes and Lessons”. In. MANDARIN ORIENTAL HOTEL-WASHINGTON, D.C., 2019.
2021
Hogan, William W. “Demand Response and Order 745 Pricing Revisited”. In.
Hogan, William W. “Demand Response and Order 745 Pricing Revisited”. In.
2020
Litvinov, Eugene. “A Multi-Period Market Design for Markets With Intertemporal Constraints and Nonconvexity ”, 2020.
Litvinov, Eugene. “A Multi-Period Market Design for Markets With Intertemporal Constraints and Nonconvexity ”, 2020.
Faruqui, Ahmad. “DISPATCHING DEMAND VIA DYNAMIC PRICING”. In.
Faruqui, Ahmad. “DISPATCHING DEMAND VIA DYNAMIC PRICING”. In.
2019
Moorty, Sai. “Market Reforms for Stressed Conditions ”. In.
Moorty, Sai. “Market Reforms for Stressed Conditions ”. In.
Papavasiliou, Anthony. “Market Reforms for Stressed Conditions: The Case of Europe ”. In.
Papavasiliou, Anthony. “Market Reforms for Stressed Conditions: The Case of Europe ”. In.
Garza, Beth. “ERCOT Price Formation With ORDC ”. In.
Garza, Beth. “ERCOT Price Formation With ORDC ”. In.
2018
Miettinen, Pasi. “Future of Utilities ”. In 92nd Plenary Session.
Miettinen, Pasi. “Future of Utilities ”. In 92nd Plenary Session.
2016
Kelly, John. “Dynamic Pricing”. In.
Kelly, John. “Dynamic Pricing”. In.
Kelly, John. Dynamic Pricing." Presentation to the Harvard Electricity Policy Group's 83rd Plenary Session. Cambridge, MA, June 2, 2016."
Centolella, Paul. “The Impact of Missing Price Signals”. In.
Centolella, Paul. “The Impact of Missing Price Signals”. In.
Centolella, Paul. The Impact of Missing Price Signals." Presentation to the Harvard Electricity Policy Group's 83rd Plenary Session. Cambridge, MA, June 2, 2016."
Uplift
2021
Gavan, John C., and Rob Gramlich. “John C. Gavan and Rob Gramlich - A New State-Federal Cooperation Agenda for Regional and Interregional Transmission.”
Gavan, John C., and Rob Gramlich. “John C. Gavan and Rob Gramlich - A New State-Federal Cooperation Agenda for Regional and Interregional Transmission.”
Excerpt from the Introduction:
The experience of grid operators and planners in the United States and around the world has shown that both decarbonization and power system resilience will require large-scale regional and inter-regional trans- mission...
2020
Faruqui, Ahmad. “DISPATCHING DEMAND VIA DYNAMIC PRICING”. In.
Faruqui, Ahmad. “DISPATCHING DEMAND VIA DYNAMIC PRICING”. In.
2019
Kelly, John. “Utility of the Future”. In.
Kelly, John. “Utility of the Future”. In.
2016
Group, Energy Policy. “Competition in Bilateral Wholesale Electric Markets: How Does It Work?”. In.
Group, Energy Policy. “Competition in Bilateral Wholesale Electric Markets: How Does It Work?”. In.
Intorduction:
In one of the first laws establishing regulation of the electric utility industry, the Federal Power Act of 1920 (FPA) there was a recognition that there were two types of transactions commonly entered into in the industry that would be...
Hogan, William W. “Virtual Bidding and Electricity Market Design”. In.
Hogan, William W. “Virtual Bidding and Electricity Market Design”. In.
Summary:
Summary Efficient electricity day-ahead market designs include virtual transactions. These are financial contracts awarded at day-ahead prices and settled at real-time prices. In PJM these virtual transactions include incremental offers (INCs)...
2011
Bushnell, James, Scott Harvey, Benjamin Hobbs, and Steven Soft. “Opinion on Economic Issues Raised by FERC Order 745, ‘Demand Response Compensation in Organized Wholesale Energy Markets’ ”, 2011.
Bushnell, James, Scott Harvey, Benjamin Hobbs, and Steven Soft. “Opinion on Economic Issues Raised by FERC Order 745, ‘Demand Response Compensation in Organized Wholesale Energy Markets’ ”, 2011.
EXCERPT FROM THE INTRODUCTION:
On March 15, 2011, the Federal Energy Regulatory Commission released Order 745. The pur- pose of the Order was to require that demand response (DR) resources participating in RTO or ISO markets are paid at the locational...