Why trying to fix mandatory capacity markets is like trying to win a game of Whack-A-Mole (Parts I & II)
Trying to fix mandatory capacity markets like trying to win whack-a-mole, Part I
FTRs make hedging possible, but can PJM ensure full funding without playing favorites?
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.