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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