Electricity

Scholarly Publications

Market Design in a Zero Marginal Cost Intermittent Renewable Future

June 2020

The basic features of an efficient short-term wholesale market design do not need to change to accommodate a significantly larger share of zero marginal cost intermittent renewable energy from wind...

Learning about Electricity Market Performance with a Large Share of Renewables from the COVID-19 Lock-Down

June 2020

We show that the negative demand shock due to the COVID-19 lock-down has reduced net-demand system demand less the amount of energy produced by intermittent renewables and net imports that must be...

An Experimental Comparison of Carbon Pricing Under Uncertainty in Electricity Markets

May 2020

We report on an economic experiment that compares outcomes in electricity markets subject to carbon-tax and cap-and-trade policies.

Other Publications

Economic Policy Challenges Facing California's Next Governor: Electricity Policy Reform

May 2020

Californians like to think of themselves as environmentally conscious and forward-thinking. The state’s energy and environmental policies reflect these sentiments.

Long-Term Resource Adequacy with Significant Intermittent Renewables

March 2020

The electricity supply industry in a low-carbon world will have over 50 percent share of intermittent renewables.

In California, a third-world solution to a first-world problem

October 2019

California’s decision to allow Pacific Gas and Electric (PG&E) to shut off electricity to hundreds of thousands of Californians because high winds and dry conditions may cause a downed...

Events

Energy Working Group: Shale Gas in China: Hype and Reality

May 9, 2012

In recent years, natural gas prices in the United States have gone from historic highs of over $12 per mmBtu in the summer of 2008, to under $2.50/mmBtu in 2012.

Energy Working Group: Supply Function Equilibrium and its Policy Implications for Wholesale Electricity Markets

November 4, 2011

PESD visiting scholar Pär Holmberg from the Research Institute of Industrial Economics (IFN), Stockholm led this Energy Working Group talk.

Transmission Policies to Unlock America's Renewable Energy Resources

September 15, 2011

On behalf of PESD, Stanford co-hosts PIE, TomKat, and SIEPR, and external sponsors Pillsbury Winthrop Shaw Pittman and the Kauffman Foundation, convened an all-day conference on September 15 on ...

Projects

Electricity Market Design

Meeting today’s most pressing energy challenges—controlling air pollution, reducing greenhouse gas emissions, integrating renewable energy, delivering modern energy services to populations that...
English

People

frank wolak Frank Wolak PESD Director, Senior Fellow Professor, Economics
Mark's profile picture Mark C. Thurber Associate Director for Research at PESD, Social Science Research Scholar
Trevor Davis Aug2011 Trevor L. Davis Postdoctoral Scholar
federico quaglia headshot Federico Quaglia Visiting Scholar at PESD
ajha photo Akshaya Jha Faculty Affiliate at PESD