Workshop on day-ahead markets with renewable energy at the CPUC

Workshop on day-ahead markets with renewable energy at the CPUC

On February 3rd and 4th, PESD's Frank Wolak and Mark Thurber visited the California Public Utilities Commission in Sacramento to deliver the game-based workshop “Day-Ahead Markets for a High-Renewables World." The two-day workshop used the interactive Energy Market Game to highlight current changes in electricity markets with the increase of renewable energy.

In addition to the in-person workshop, CPUC staff also completed PESD's suite of 5 e-learning modules on Electricity Market Principles. The modules, which include 1) Fixed and Variable Costs, 2) Offer-Based Markets, 3) Pay-As-Bid vs. Uniform-Price Auctions, 4) Unilateral Market Power, and 5) Forward Contract Incentives, help create a common understanding of electricity market principles in advance of the in-person, game-based component of the training.