The non-convex technical constraints governing power production have led wholesale market operators to implement alternative pricing schemes intending to ensure that market participant incentives are ...

Price formation and flexibility valuation in production cost modeling, Smith, Kaleb, Santarém de Araújo, Hugo, Mays, Jacob

This study investigates how algorithmic choices in power system operations affect the total compensation available to different technologies participating in wh

What's the origin story of wholesale power markets?

Clean Path NY developer Forward Power says it “remain[s] committed to New York’s energy transition” despite the loss of the project’s renewable energy credit purchase and sale agreement.

One of the persistent concerns in scarcity-based electricity market designs is that markets for long-term contracts are highly illiquid or ‘missing’. …

Power transmission network reinforcements must be carefully evaluated to ensure economic, secure, and reliable delivery of electricity. Transmission expansion planning (TEP) models, which seek to opti...

The U.S. Department of Energy's Office of Scientific and Technical Information

This Article considers how to allocate the costs of transmission when states, utilities, or other classes of customers adopt different clean energy policies. It

Energy-only electricity markets, such as the Electric Reliability Council of Texas (ERCOT), rely on the decentralized investment decisions of market p…

Liberalized electricity markets often include resource adequacy mechanisms that require consumers to contract with generation resources well in advanc…