We propose a forward market for energy that aligns market participants' incentives with
social welfare. The new market promotes competition and innovation through improved …

Accelerated investment in electricity transmission could reduce total costs and enhance
renewable integration. I document static allocative inefficiencies induced by incomplete …

Regulations are effective to the extent that they influence incentives. This is a basic principle
of economics. It turns out, however, that electricity market participants are often indifferent to …

We propose a novel approach to electricity capacity procurement based on robust economic
theory and extensive experience. Our approach builds upon the current best practice but …

This paper investigates the influence of Renewable Portfolio Standards (RPSs) on the
reliability of grids while considering key indicators, including the System Average …

Germanys power station strategy of investing in hydrogen-ready gas-fired power plants
requires subsidies; market and regulatory failures currently undermine the units anticipated …

Utilities face mounting pressures to reduce costs, integrate an increasing amount of new
generation onto the grid, and--in many states--achieve decarbonization targets. These …

Section 202 (c) of the Federal Power Act grants the Secretary of Energy a swee**
authority to exempt electric generation and transmission facilities from any federal, state, or …

California holds the keys. What will it do with them? To say the future of the West hangs in
the balance might lilt toward hyperbole. To acknowledge, however, that what happens over …

The US electric grid is under strain, with blackouts on the rise and the system's reliability
more frequently tested than ever before in the face of more frequent storms, heat waves …