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

Allen, Bill. “Maintaining Resource and Price Diversity in a Competitive Market.” In, 2014.Abstract

allen_presentation.pdf

Allen, Bill. Maintaining Resource and Price Diversity in a Competitive Market." Presentation to the Harvard Electricity Policy Group 77th Plenary Session, New Orleans, LA, December 2014."

Makovich, Lawrence. “The Value of US Power Supply Diversity".” In, 2014.Abstract

makovich_presenation.pdf

Makovich, Lawrence. The Value of US Power Supply Diversity." Presentation to the Harvard Electricity Policy Group 77th Plenary Session, New Orleans, LA, December 2014."

Linde, Tamara. “Keeping the Lights On: Security Priorities for the 21st Century.” In, 2014.Abstract

linde_hepgjune2014.pdf

Linde, Tamara. Keeping the Lights On: Security Priorities for the 21st Century." Presentation to the Harvard Electricity Policy Group 75th Plenary Session, Cambridge, MA, June 2014."

Staff, “PJM Capacity Performance Proposal.” In, 2014.Abstract

20140820-pjm-capacity-performance-proposal_ashx.pdf

PJM. PJM Capacity Performance Proposal. Staff Proposal, August 2014.

Staff, “Problem Statement on PJM Capacity Performance Definition.” In, 2014.Abstract

20140801-problem-statement-on-pjm-capacity-performance-definition.pdf

PJM Staff Draft Problem Statement. "Problem Statement on PJM Capacity Performance Definition." August 1, 2014.

Pfeifenberger, Hannes. “Energy and Capacity Markets: Tradeoffs in Reliability, Costs, and Risks.” In, 2014.Abstract

pfeifenberger_hepg_feb2014.pdf

Pfeifenberger, Hannes. "Energy and Capacity Markets: Tradeoffs in Reliability, Costs, and Risks. " Presentation to the Harvard Electricity Policy Group, 74th Plenary Session, Santa Monica, CA, February 27, 2014.

O'Neill, Richard. “Toward better, more efficient capacity market design.” In, 2014.Abstract

oneill_hepg_feb2014.pdf

O'Neill, Richard. "Toward better, more efficient capacity market design." Presentation to the Harvard Electricity Policy Group, 74th Plenary Session, Santa Monica, CA, February 27, 2014.

Keppler, Jan Horst. “First Principles, Market Failures and Endogenous Obsolescence: The Dynamic Approach to Capacity Mechanisms.” In, 2014.Abstract

ceem_working_paper_8_jan_horst_keppler.pdf

Keppler, Jan Horst. "First Principles, Market Failures and Endogenous Obsolescence: The Dynamic Approach to Capacity Mechanisms." Chaire European Electricity Markets, Université Paris-Dauphine, November 2014.

Kelly, Susan. “Thinking Outside the Box: Resource Adequacy Reconsidered: Mandates and Markets.” In, 2014.Abstract

kelly_presentation.pdf

Kelly, Susan. "Thinking Outside the Capacity “Markets” Box: Resource Adequacy Reconsidered: Mandates and Markets." Presentation to the Harvard Electricity Policy Group 77th Plenary Session, New Orleans, LA, December 2014.

Hogan, William. “Electricity Scarcity Pricing and Resource Adequacy.” In, 2014.Abstract

hogan_hepg_022714.pdf

Hogan, William. "Electricity Scarcity Pricing and Resource Adequacy." Presentation to the Harvard Electricity Policy Group, 74th Plenary Session, Santa Monica, CA, February 27, 2014.

Competitive Market Models

Moler, Elizabeth. “Happy Anniversary HEPG: Where Have We Been? Where Are We Going?” 2013.Abstract

moler_hepg_9-26-13.pdf

Moler, Elizabeth. Happy Anniversary HEPG: Where Have We Been? Where Are We Going?" Harvard Electricity Policy Group 72nd Plenary Session, September 26, 2013. 5 pages."

Roach, Craig, Stuart Rein, and Vincent Musco. “A Review of the Southwest Power Pool's Integrated Market Proposal.” In, 2010. Publisher's Version Abstract

Roach, Craig, Stuart Rein and Vincent Musco. A Review of the Southwest Power Pool's Integrated Market Proposal." Prepared by: Boston Pacific Company, Inc., as an Independent Advisor to the SPP Board of Directors. December 30, 2010. 45 pages

Mansur, Erin T., and Matthew W. White. “Market Organization and Efficiency in Electricity Markets.” In, 2008. Publisher's Version Abstract

Mansur, Erin T. and Matthew W. White, Market Organization and Efficiency in Electricity Markets. Draft paper.

Williams, Paul. “Why Electricity Market Redesign is Required.” In, 2008.Abstract

paul_williams.pdf

Williams, Paul. Why Electricity Market Redesign is Required. Presentation to the HEPG Fiftieth Plenary Session. February 2008. 8 pages.

Evans, Lewis, Graeme Guthrie, and Steen Videbeck. “Assessing the Integration of Electricity Markets using Principal Component Analysis: Network and Market Structure Effects.” In, 2008.Abstract

evans_guthrie_videbeck.pdf

Evans, Lewis, Graeme Guthrie, and Steen Videbeck. "Assessing the Integration of Electricity Markets using Principal Component Analysis: Network and Market Structure Effects." Contemporary Economic Policy, 26(1), January 2008, 145-161. (Journal of the Western Economics Association)

Group, The Brattle, and PJM Market Monitoring Unit. “Review of PJM’s Reliability Pricing Model.” In, 2008.Abstract

20080630-er05-1410-000.pdf

Review of PJM’s Reliability Pricing Model, prepared by The Brattle Group and the PJM Market Monitoring Unit, filed with the FERC on June 30, 2008.

Regional Transmission Organizations (RTO)

Xu, T. “TXU. Restructuring the Texas Electric Industry. March 2000.” In, 2000.Abstract

TXU. Restructuring the Texas Electric Industry. March 2000.

Riley, Rick. “Riley, Rick. Overview of the Partnership SPP RTO. 8 December 2000. Presentation.” In, 2000.Abstract

Riley, Rick. Overview of the Partnership SPP RTO. 8 December 2000. Presentation.

Hogan, William. “Hogan, William. The RTO Millenium Order: Following Through or Falling Apart. 8 December 2000. Presentation.” In, 2000.Abstract

Hogan, William. The RTO Millenium Order: Following Through or Falling Apart. 8 December 2000. Presentation.

Hogan, William. “FERC Policy on Regional Transmission Organizations: Comments in Response to the Notice of Proposed Rulemaking.” In, 1999.Abstract

Hogan, William. FERC Policy on Regional Transmission Organizations: Comments in Response to the Notice of Proposed Rulemaking. 16 August 1999. Regulatory analysis, 68 pages.

Kelly, Susan. “Kelly, Susan. If This Transco is the Key, Let's Find Another Door. American Public Power Association. January-February 1999.” In, 1999.Abstract

Kelly, Susan. If This Transco is the Key, Let's Find Another Door. American Public Power Association. January-February 1999.

Hogan, William. “Hogan, William. The RTO NOPR: No Mandate But a Plan that Works Public Utilities Fortnightly. 1 July 1999.” In, 1999.Abstract

Hogan, William. The RTO NOPR: No Mandate But a Plan that Works Public Utilities Fortnightly. 1 July 1999.

Emery, N. “Memo: Transco's vs. ISO's - A Personal Perspective.” In, 1998.Abstract

memotrascovsiso1998.pdf

Emery, N. Beth. Memo: Transco's vs. ISO's - A Personal Perspective. 9 November 1998.

of Economics), Federal Trade Commission (Bureau. “Federal Trade Commission (Bureau of Economics). Docket to Consider Competition in the Precision of Retail Electric Service. Before the Public Service Commission of the State of Mississippi. 28 August 1998.” In, 1998.Abstract

Federal Trade Commission (Bureau of Economics). Docket to Consider Competition in the Precision of Retail Electric Service. Before the Public Service Commission of the State of Mississippi. 28 August 1998.

Macias, Jim. “Macias, Jim. Summer 1998, California's Experience. 9 September 1998. Presentation.” In, 1998.Abstract

Macias, Jim. Summer 1998, California's Experience. 9 September 1998. Presentation.

Hogan, William. “Getting the Prices Right in PJM.” In, 1998.Abstract

William Hogan. Getting the Prices Right in PJM. 7 April 1998.

Power, Northern States. “Northern States Power. An Independent Transmission Company: Conceptual Tariff Structure. 20 October 1998.” In, 1998.Abstract

Northern States Power. An Independent Transmission Company: Conceptual Tariff Structure. 20 October 1998.

Landgren, Dale. “Landgren, Dale. Regional Boundaries and Regional Institutions. 20 November 1998. Presentation.” In, 1998.Abstract

Landgren, Dale. Regional Boundaries and Regional Institutions. 20 November 1998. Presentation.

Hogan, William. “Hogan, William. Synopsis of Proposed Comments. FERC Public Conference Concerning the Commission's Policy on Independent System Operators. 15-16 April 1998.” In, 1998.Abstract

Hogan, William. Synopsis of Proposed Comments. FERC Public Conference Concerning the Commission's Policy on Independent System Operators. 15-16 April 1998.

Callender, C. “The Future of the Independent System Operator.” In, 1998.Abstract

callender_4-9-1998.pdf

Callender, C. Terry. The Future of the Independent System Operator. 9 April 1998. Presentation.

Landrieu, Pete. “Landrieu, Pete. GRIDCOS and ISOs Perfect Together. 20 November 1998. Presentation.” In, 1998.Abstract

Landrieu, Pete. GRIDCOS and ISOs Perfect Together. 20 November 1998. Presentation.

Hogan, William. “Hogan, William. Getting the Prices Right in PJM: April Analysis and Summary. 4 May 1998.” In, 1998.Abstract

Hogan, William. Getting the Prices Right in PJM: April Analysis and Summary. 4 May 1998.

ISO, New York. “New York ISO. Presentation on ISO. 20 November 1998.” In, 1998.Abstract

New York ISO. Presentation on ISO. 20 November 1998.

Hogan, William. “Hogan, William. FERC Policy on Independent System Operators: Supplemental Comments. 1 May 1998.” In, 1998.Abstract

Hogan, William. FERC Policy on Independent System Operators: Supplemental Comments. 1 May 1998.

Hogan, William. “Independent System Operator: Pricing and Flexibility in a Competitive Electricity Market.” In, 1998.Abstract

William Hogan. Independent System Operator: Pricing and Flexibility in a Competitive Electricity Market. February 1998.

Wolak, Frank, Robert Nordhaus, and Carl Shapiro. “Wolak, Frank, Robert Nordhaus and Carl Shapiro. Preliminary Report on the Operation of the Ancillary Services Markets of the California Independent System Operator (ISO). 19 August 1998.” In, 1998.Abstract

Wolak, Frank, Robert Nordhaus and Carl Shapiro. Preliminary Report on the Operation of the Ancillary Services Markets of the California Independent System Operator (ISO). 19 August 1998.

Cramton, Peter, and Robert Wilson. “A Review of ISO New England's Proposed Market Rules.” In, 1998.Abstract

cramtonwilsonreviewofiso1998.pdf

Cramton, Peter and Robert Wilson. A Review of ISO New England's Proposed Market Rules. 9 September 1998. Presentation.

Kaplan, Susan. “Kaplan, Susan. Ancillary Services - A Brief Comparison of Four ISOs. Background Memorandum for the Harvard Electricity Policy Group's 17th Plenary Session. 31 August 1998.” In, 1998.Abstract

Kaplan, Susan. Ancillary Services - A Brief Comparison of Four ISOs. Background Memorandum for the Harvard Electricity Policy Group's 17th Plenary Session. 31 August 1998.

Angle, Stephen. “Talking Points for Discussion.” In, 1998.Abstract

anderson_1998_talkingpoints.pdf

Angle, Stephen. Talking Points for Discussion. 20 November 1998. Presentation.

Saathoff, Kent. “Saathoff, Kent. The ERCOT ISO: First Steps. 15-16 May 1997.” In, 1997.Abstract

Saathoff, Kent. The ERCOT ISO: First Steps. 15-16 May 1997.

Farrow, Dyke. “Farrow, Dyke. The Independent System Operator as Proposed for New York. May 1997.” In, 1997.Abstract

Farrow, Dyke. The Independent System Operator as Proposed for New York. May 1997.

Callender, C. “Transmission Scheduling.” In, 1997.Abstract

callender_9-27-1997.pdf

Callender, C. Terry. Transmission Scheduling. 25 September 1997. Presentation.

Hogan, William. “Hogan, William. WEPEX: What's Wrong with Least Cost? 16 November 1997.” In, 1997.Abstract

Hogan, William. WEPEX: What's Wrong with Least Cost? 16 November 1997.