Tag Archives: electricity markets

Texas Blackout: Let’s Not “Fire, Ready, Aim”

As has been exhaustively reported, the severe weather event in Texas and surrounding states in mid-February resulted in blackouts across the Electric Reliability Council of Texas (ERCOT) region, including blackouts for all but 90 minutes of a 59-hour stretch at … Continue reading

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Electricity auctions: Why didn’t I think of that?

Congratulations to Stanford Professors Robert Wilson and Paul Milgrom, who have been awarded the The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2020 “for improvements to auction theory and inventions of new auction formats.” Their work has led … Continue reading

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Is demand-side the way to go?

Because wind and solar production depends on weather conditions, it is subject to the variability and intermittency of weather. The challenge of renewable integration is to cope with the resulting variability of the “net load,” or total load minus intermittent renewable production. (Click … Continue reading

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Comparing the US and EU electricity markets

Electricity markets have been restructured in many countries around the globe. There is a variety of different designs, and the differences can significantly affect our ability to handle new challenges, such as integrating high levels of renewables. What are the … Continue reading

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