Incentives for Efficient Price Formation in Markets with Non-Convexities Date Published: May 2019 Authors: Hung-Po Chao Convex-hull pricing is often discussed as the best solution to the non-convexities that exist in wholesale electricity markets. This report examines...
In My View: Market Design Practices: Which Ones Are Best? Date Published: January 2019 Authors: William W. Hogan Dr. Hogan argues that real-time spot markets are a better solution for future power markets, compared to creating new products to value flexibility or...
Customer-Focused and Clean: Power Markets for the Future Date Published: November 2018 Authors: Michael Goggin, Rob Gramlich, Steven Shparber, Alison Silverstein This paper offers recommendations for how to update wholesale electric market rules, most of which were...
Electricity Sector Transition in the National Electricity Market of Australia: Managing Reliability and Security in an Energy-Only Market Date Published: November 2018 Authors: Farhad Billimoria, Pierluigi Mancarella, Rahmatallah Poudineh This report argues that the...
Adapting Market Design to High Shares of Variable Renewable Energy Date Published: May 2017 Authors: International Renewable Energy Agency The report provides recommendations on how to adapt electricity market design (wholesale & distributed) to high shares of...
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