A transition to a clean portfolio of resources that maintains or exceeds today’s standards of affordability and reliability will require significant investment. To keep costs down, long-term commitments to generation to reduce financing costs will be important.
Centralized procurement methods provide a means of coordinating an efficient set of resources and providing longer-term certainty to supply and demand resources.
Aligning market signals with long-term and short-term operations and regional decarbonization goals is a complicated problem. Proposals for decentralized markets in Topic 3 approach the problem with a different solutions set.
Proposals for Centralized Procurement Structures for Decarbonization
The reference presentations for this topic cover two possible market designs, with the reference papers covering a total of five proposals.