Dealing With the Duck
Designing markets to accommodate variable resources.
Growth in variable resources creates an increasing need for demand response and fast-ramping generation. The right market design can bring both.
demand curve
Rethinking Capacity Markets
A pragmatic new approach to assuring reliability.
The latest dispute over PJM’s bidding rules has raised the level of uncertainty in organized electricity markets. Efforts at reform have created a market structure so jumbled that it can’t produce just and reasonable rates -- or assure adequate supply resources. It’s time for FERC to consider alternative approaches to market design.