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Wolak speaks on California's power and carbon markets

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Photo credit: 
Flickr: Michael Mazengarb

Wolak's presentation focused on assessing the market performance impacts of the recent implementation of convergence (or virtual) bidding in the California wholesale electricity market.  

Frank diagnosed possible causes of the adverse market outcomes related to convergence bidding and suggested possible market design changes to address them.  He also chaired a panel discussion on the progress of the implementation AB 32, California’s greenhouse emissions permit cap and trade program.  This panel focused on current implementation challenges and trading activity in advance of the market opening.