Retail Markets

'Markets' Test

We Called Them 'Markets.' Now We're Testing Them.

We're enamored of free markets, particularly in the nineties. But power markets cannot come close to emulating authentic competition. Why? They cannot satisfy the basic conditions of competition taught in microeconomics 101.

Texas Solar Two Step

Different Outcomes in State’s Two Distinct Markets

Texas highlights the importance of market structures and economics in the growth of solar deployment. Driven by customer interest and policy objectives, distributed and utility-scale solar has thrived in municipal and cooperative service territories. The same has not been true in the competitive wholesale market with retail choice.

Marginal Utility

Changing the Electric Utility Financial Paradigm

Global capital markets have accommodated the industry with low interest rates and high stock price multiples, but capital markets are fickle. Electrics will be capitalized more like other industrial companies, and less like regulated monopolies.

Electricity Market Reform in Japan

Bumpy Road Ahead

This is the first in a series of three articles related to power market reform in Japan and its implications both for Japan and globally.

PJM's Three-Way Proposal

A re-defined capacity product, revised parameters for generator performance, and a new role for demand response.

The proposal creates a new capacity product called the “Capacity Performance Resource.”

From ISO to DSO

Imagining a new construct – an independent system operator for the distribution network.

A new utility industry construct – the Distribution System Operator (DSO) – could help maximize the benefits of distributed energy resources.

Toward a 21st Century Grid

Producing value with advanced distribution management systems.

Changing demands from regulators, customers, and shareholders are driving utilities toward better operational technologies to manage an increasingly complex grid. Advanced distribution management systems (ADMS) promise nearly real-time operational insight for maintaining reliability, safety, and security.

Customer First

Is the current regulatory compact in anyone’s best interests?

Serving customers’ needs should be a top priority for power companies, irrespective of the regulatory construct and business model. Transformation doesn’t change this basic fact, but how do we break the model without breaking the system?