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

PJM, “Resource Investment in Competitive Markets.""” In, 2016.Abstract

pjm_resource_investment_0516.pdf

PJM. Resource Investment in Competitive Markets." PJM Interconnection, May 5, 2016."

Terry, Cheryl. “Hidden Value, Missing Money, and Electricity Markets.” In, 2015.Abstract

terry_panel_2.pdf

Terry, Cheryl. Hidden Value, Missing Money, and Electricity Markets." Presentation to the Harvard Electricity Policy Group's 79th Plenary Session, Washington, DC, June 2015."

ERCOT, About the Operating Reserve Demand Curve and Wholesale Electric Prices, 2014.Abstract

ordcupdate-final.pdf

ERCOT. About the Operating Reserve Demand Curve and Wholesale Electric Prices." May, 2014."

Ethier, Robert. “Better Markets, Better Products, Better Prices.” In, 2014.Abstract

ethier_hepg_oct_2_2014_final.pdf

Ethier, Robert. Better Markets, Better Products, Better Prices." Presentation to the Harvard Electricity Policy Group 76th Plenary Session, Cambridge, MA, October 2014."

The Commonwealth of Massachsuetts, “Investigation by the Department of Public Utilities upon its own Motion into Time Varying Rates.” In, 2014.Abstract

140318dpustaffcomment.pdf

The Commonwealth of Massachsuetts, Department of Public Utilities. Investigation by the Department of Public Utilities upon its own Motion into Time Varying Rates. June 2014.

Hogan, William. “Time-of-Use Rates and Real-Time Prices.” In, 2014.Abstract

hogan_tou_rtp_newark_082314.pdf

Hogan, William. Time-of-Use Rates and Real-Time Prices." Photocopy, John F. Kennedy School of Government, Harvard University, August 2014."

ERCOT, “About the Operating Reserve Demand Curve and Wholesale Electric Prices".” In, 2014.Abstract

ordcupdate-final.pdf

ERCOT. About the Operating Reserve Demand Curve and Wholesale Electric Prices." May, 2014."

Hogan, William. “Electricity Market Design and Efficient Pricing: Applications for New England and Beyond.” In, 2014.Abstract

hogan_pricing_062414.pdf

Hogan, William. Electricity Market Design and Efficient Pricing: Applications for New England and Beyond." Photocopy, John F. Kennedy School of Government, Harvard University, June 2014."

Hogan, William. “Electricity Market Design and Efficient Pricing.” In, 2014.Abstract

hogan_hepg_dispatch_100214.pdf

Hogan, William. Electricity Market Design and Efficient Pricing." Presentation to the Harvard Electricity Poicy Group 76th Plenary Session, Cambridge, MA, October 2014."

Fallon, John. “Regulatory Objectives and Pricing Principles.” In, 2014.Abstract

network_march_2014_1.pdf

Fallon, John, Michael S. Blake and Daniel Kelley. Regulatory Objectives and Pricing Principles." Network, issue 50, March 2014."

Competitive Market Models

Tabors, R., G. Parker, P. Centollela, and M. Caramanis. “White Paper on Developing Competitive Electricity Markets and Pricing Structures.” In, 2016.Abstract

tcr._white_paper_on_developing_competitive_electricity_markets_and_pricing_structures.pdf

Tabors, R., G. Parker, P. Centollela, and M. Caramanis. White Paper on Developing Competitive Electricity Markets and Pricing Structures." Tabors Caramanis Rudkevich. April 2016.

Alexander, Barbara. “Should Ratepayers Subsidize Uneconomic Assets in Restructured Markets?” In, 2016.Abstract

alexander_presentation.pdf

Alexander, Barbara. Should Ratepayers Subsidize Uneconomic Assets in Restructured Markets?" Presentation to the Harvard Electricity Policy Group's 82nd Plenary Session. Washington, DC, March 10, 2016.

O'Neill, Richard. “Lessons from the US ISO Markets.” In CIDE Electricity Policy Group . Mexico City, 2016.Abstract

oneill._cepg._mexico.pdf

O'Neill, Richard. Lessons from the US ISO Markets." Presentation to the CIDE Electricity Policy Group. Mexico City, April 14, 2016."

Borenstein, S., and JB. Bushnell. “The U.S. Industry after 20 Years of Restructuring.” In, 2015. Publisher's Version Abstract

Borenstein, S, Bushnell, JB. The U.S. Industry after 20 Years of Restructuring." Annu. Rev. Econ. 7: Submitted. Doi: 10.1146/annureveconomics-080814-115630

Nodal, Simplex. “Investigate Electricity Markets by Making Your Own: Graphically Build and Solve a Nodal Electricity Market on Your iPhone or iPad.” In, 2015. Publisher's Version Abstract

Simplex Nodal. Investigate Electricity Markets by Making Your Own: Graphically Build and Solve a Nodal Electricity Market on Your iPhone or iPad." July 2015

Brown, Ashley. “Open Transmission Access: Scope, Dimension and Meaning.” In, 2015.Abstract

asuncion_nov_4-5_2015_acb.pdf

Brown, Ashley. Open Transmission Access: Scope, Dimension and Meaning." Presentation to the Segundo Simposio Internacional de Ingenieria, Asuncion, Paraguay, November 2015

Regional Transmission Organizations (RTO)

“2009 State of the Markets Report.” In, 2009.Abstract

2009_irc_state_of_markets_report.pdf

IRC 2009 State of the Markets Report. September, 2009. 35 pages.

Kelly, Susan. “RTO Performance, or - "What's My Motivation Here?"” In, 2008.Abstract

kelly_sue.pdf

Kelly, Susan. RTO Performance, or - "What's My Motivation Here" Presentation to the Harvard Electricity Policy Group 53rd Plenary Session, December 11, 2008. 14 pages.

Ludwigson, Jon. “Oversight of RTO's.” In, 2008.Abstract

ludwigson_jon.pdf

Ludwigson, Jon. Oversight of RTO's. Presentation to the Harvard Electricity Policy Group 53rd Plenary Session, December 11, 2008. 13 pages.

“Electricity Restructuring: FERC Could Take Additional Steps to Analyze Regional Transmissions Organizations' Benefits and Performance.” In, 2008.Abstract

d08987gao.pdf

Electricity Restructuring: FERC Could Take Additional Steps to Analyze Regional Transmissions Organizations' Benefits and Performance. GAO Report to the Committee on Homeland Security and Governmental Affairs, U.S. Senate. September 2008, 96 pages.

Glazer, Craig. “RTO Accountability: The Mission and the Measurement.” In, 2008.Abstract

glazer_craig.pdf

Glazer, Craig. RTO Accountability: The Mission and the Measurement. Presentation to the Harvard Electricity Policy Group 53rd Plenary Session, December 11, 2008. 26 pages.

Tierney, Susan, and Edward Kahn (Analysis Group). “A Cost-Benefit Analysis of the New York Independent System Operator: The Initial Years.” In, 2007.Abstract

nyiso_analysis_0307.pdf

Tierney, Susan and Edward Kahn (Analysis Group). A Cost-Benefit Analysis of the New York Independent System Operator: The Initial Years. March 2007. Report, 52 pages.

Adams, Kurt. “Beneficiaries Pay: Why and How Much?” In, 2007.Abstract

adams_beneficiaries_053107.pdf

Adams, Kurt. Beneficiaries Pay: Why and How Much? 31 May 2007. Presentation, 14 pages.

Moeller, Clair. “Electrical Transmission Tariffs: Who Benefits, Who Pays, and Who Decides?” In, 2007.Abstract

moeller_tariffs_053107.pdf

Moeller, Clair. Electrical Transmission Tariffs: Who Benefits, Who Pays, and Who Decides? 31 May 2007. Presentation, 8 pages.

Jaeger, Doug. “Beneficiaries of Transmission Expansion: Who, Where, When and How Much?” In, 2007.Abstract

jaeger_beneficiaries_043107.pdf

Jaeger, Doug. Beneficiaries of Transmission Expansion: Who, Where, When and How Much? 31 May 2007. Presentation, 17 pages.

Ott, Andrew. “Transmission Expansion Analysis.” In, 2007.Abstract

ott_transmission_053107.pdf

Ott, Andrew. Transmission Expansion Analysis. 31 May 2007. Presentation, 12 pages.

Harvey, Scott, Bruce McConihe, and Susan Pope. “Analysis of the Impact of Coordinated Electricity Markets on Consumer Electricity Charges.” In, 2007.Abstract

lecg_analysis_061807.pdf

Harvey, Scott, Bruce McConihe and Susan Pope. Analysis of the Impact of Coordinated Electricity Markets on Consumer Electricity Charges. 18 June 2007. Paper, 72 pages.

Riousa, Vincent, Jean-Michel Glachant Yannick Perez Philippe Dessante. “The diversity of design of TSOs.” In, 2007.Abstract

glachant.pdf

Riousa, Vincent, Jean-Michel Glachant, Yannick Perez, Philippe Dessante. The diversity of design of TSOs.

Ott, Andrew. “HEPG Discussion: RTO: Fox or Hedgehog?” In, 2006.Abstract

ott_hepg_113006.pdf

Ott, Andrew. HEPG Discussion: RTO: Fox or Hedgehog? 30 November 2006. Presentation, 10 pages.

Jones, Dan. “Market Monitoring and Market Design.” In, 2006.Abstract

jones_hepg_113006.pdf

Jones, Dan. Market Monitoring and Market Design. 30 November 2006. Presentation, 15 pages.

Mohre, David. “The Need For A Changed Vision For RTOs.” In, 2006.Abstract

mohre_rto_0606.pdf

Mohre, David. The Need For A Changed Vision For RTOs. 2 June 2006. Presentation, 14 pages.

Energy, DC. “Effects of 4/25/06 FERC RSG Order on Convergence of MISO Markets.” In, 2006.Abstract

dcenergy_100606.pdf

DC Energy. Effects of 4/25/06 FERC RSG Order on Convergence of MISO Markets. 6 October 2006. Paper, 45 pages.

Grid, National. “Transmission and Wind Energy: Capturing the Prevailing Winds for the Benefit of Customers.” In, 2006.Abstract

ng_wind_policy_919.pdf

National Grid. Transmission and Wind Energy: Capturing the Prevailing Winds for the Benefit of Customers. September 2006. Paper, 26 pages.

Laughlin, Kenneth. “Regional Transmission Organizations.” In, 2006.Abstract

laughlin_rto_0606.pdf

Laughlin, Kenneth. Regional Transmission Organizations. 2 June 2006. Presentation, 14 pages.

Mansour, Yakout. “RTOs/ISOs: The Creature and the Creator; The Benefit/Cost of Having Children.” In, 2006.Abstract

mansour_rto_0606.pdf

Mansour, Yakout. RTOs/ISOs: The Creature and the Creator; The Benefit/Cost of Having Children. 2 June 2006. Presentation, 5 pages.

Wilde, Dean. “Electricity Markets Outlook.” In, 2006.Abstract

wilde_hepg_113006.pdf

Wilde, Dean. Electricity Markets Outlook. 30 November 2006. Presentation, 12 pages.

Kwoka, John. “Restructuring the U.S. Electric Power Sector: A Review of Recent Studies.” In, 2006.Abstract

Kwoka, John. Restructuring the U.S. Electric Power Sector: A Review of Recent Studies. November 2006 (with addendum 7 December 2006). Report, 92 pages.

Eto, Joseph, Bernard Lesieutre, and Douglas Hale. “A Review of Recent RTO Benefit-Cost Studies: Toward More Comprehensive Assessments of FERC Electricity Restructuring Policies.” In, 2005.Abstract

eto_lesieutre_hale_1205.pdf

Eto, Joseph, Bernard Lesieutre and Douglas Hale. A Review of Recent RTO Benefit-Cost Studies: Toward More Comprehensive Assessments of FERC Electricity Restructuring Policies. December 2005. Paper, 61 pages.

Leuthold, Florian, Ina Rumiantseva Hannes Weigt Till Jeske, and Christian von Hirschhausen. “Nodal Pricing in the German Electricity Sector – A Welfare Economics Analysis, with Particular Reference to Implementing Offshore Wind Capacities.” In, 2005.Abstract

nodal_pricing_0905.pdf

Leuthold, Florian, Ina Rumiantseva, Hannes Weigt, Till Jeske and Christian von Hirschhausen. Nodal Pricing in the German Electricity Sector – A Welfare Economics Analysis, with Particular Reference to Implementing Offshore Wind Capacities. September 2005. Paper, 33 pages.

Herling, Steven. “PJM Regional Transmission Planning Process.” In, 2003.Abstract

herling.pjm_.regional.trans_.plan_.process.11.dec_.03.pdf

Herling, Steven. PJM Regional Transmission Planning Process. 11 December 2003. Presentation, 10 pages.

Apt, Jay, and Lester Lave. “Electric Gridlock: A National Solution.” In, 2003.Abstract

Apt, Jay and Lester Lave. Electric Gridlock: A National Solution. 1 October 2003. Perspectives, 3 pages.

Edelston, Bruce. “Participant Funding: The SeTrans Proposal.” In, 2003.Abstract

edelston.participant.funding.setrans.11.dec_.03.pdf

Edelston, Bruce. Participant Funding: The SeTrans Proposal. 11 December 2003. Presentation, 26 pages.

to West, Hybrid Proposal RTO. “Introduction to RRG Drafting Team Proposal.” In, 2003.Abstract

hybrid.proposal.to_.rtowest.draft_.17.nov_.03.pdf

Hybrid Proposal to RTO West. Introduction to RRG Drafting Team Proposal. 17 November 2003. Draft, 13 pages.

Henderson, Steve. “RTO Cost Benefit Analysis.” In, 2003.Abstract

henderson_rto.cost-benefit_5-22-03.pdf

Henderson, Steve. RTO Cost Benefit Analysis. 22 May 2003. Presentation, 11 pages.

Scott, Harvey. “The Virtues of Virtual RTOs.” In, 2003.Abstract

harvey.virtual.rto_.hepg_.26.sept_.03.pdf

Scott, Harvey. The Virtues of Virtual RTOs. 26 September 2003. Presentation, 16 pages.

Boston, Terry. “The Virtues of Virtual RTOs.” In, 2003.Abstract

boston.virtual.rto_.hepg_.26.sept_.03.pdf

Boston, Terry. The Virtues of Virtual RTOs. 26 September 2003. Presentation, 29 pages.

Scarcity Pricing

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."

Hogan, William. “Electricity Market Design and Efficient Pricing: Applications for New England and Beyond.” In, 2014.Abstract

hogan_pricing_062414.pdf

Hogan, William. Electricity Market Design and Efficient Pricing: Applications for New England and Beyond." Photocopy, John F. Kennedy School of Government, Harvard University, June 2014."

Fallon, John. “Regulatory Objectives and Pricing Principles.” In, 2014.Abstract

network_march_2014_1.pdf

Fallon, John, Michael S. Blake and Daniel Kelley. Regulatory Objectives and Pricing Principles." Network, issue 50, March 2014."

Hogan, William. “Electricity Market Design and Efficient Pricing.” In, 2014.Abstract

hogan_hepg_dispatch_100214.pdf

Hogan, William. Electricity Market Design and Efficient Pricing." Presentation to the Harvard Electricity Poicy Group 76th Plenary Session, Cambridge, MA, October 2014."

Edelston, Bruce. “Resource Adequacy Reconsidered: Mandates and Markets.” In, 2014.Abstract

edelston_presenation.pdf

Edelston, Bruce. ‰ÛÏResource 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.

Hogan, William W. “Back Cast of Interim Solution B+ to Improve Real-Time Scarcity Pricing: White paper.” In, 2013.Abstract

back_cast_of_interim_solution_b_to_improve_real-time_scarcity_pricing_whitepaper_-_final_r.pdf

Hogan, William W., ERCOT Staff. Back Cast of Interim Solution B+ to Improve Real-Time Scarcity Pricing: White paper." March 21, 2013."

Dumas, John. “Resource Adequacy in ERCOT.” In, 2013.Abstract

dumas.pdf

Dumas, John. Resource Adequacy in ERCOT." Harvard Electricity Policy Group 71st Plenary Session, June 13, 2013. Calgary, Canada. 16 pages."

Hogan, William. “Electricity Scarcity Pricing Through Operating Reserves: An ERCOT Window of Opportunity.” In, 2012.Abstract

Hogan, William. Electricity Scarcity Pricing Through Operating Reserves: An ERCOT Window of Opportunity." Harvard University mimeo. November 1, 2012."

Keech, Adam. “PJM Scarcity Pricing Changes.” In, 2009.Abstract

keech_adam_hepgoct09.pdf

Keech, Adam. PJM Scarcity Pricing Changes. Presentation to the Harvard Electricity Policy Group, October 1, 2009. 8 pagse.

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Market Design

Find papers and presentations on all market design topics;

Capacity Markets

Competitive Market Models

Regional Transmission Organizations (RTO)

Scarcity Pricing

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