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The Future of Electricity Retailing and How We Get There

August 2020

Electricity retailing is at a crossroads. Technological change is eroding revenues from the traditional electricity retailing business model.

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.

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.

Breaking routine for energy savings: An appliance-level analysis of small business behavior under dynamic prices

May 2020

Small businesses are typically committed to providing a positive customer experience and therefore may exhibit a response to dynamic electricity prices different from residential or industrial...

Measuring the Ability to Exercise Unilateral Market Power in Locational-Pricing Markets: An Application to the Italian Electricity Market

April 2020

An increasing number of wholesale electricity markets employ locational pricing mech­anisms where energy prices account for some or all aspects of the transmission network configuration.

Market Performance Assessment in Locational Markets with Non-Convexities

April 2020

We extend the competitive benchmark pricing model of Borenstein et al. (2002) to locational-pricing markets.

Retail Pricing in Colombia to Support the Efficient Deployment of Distributed Generation and Electric Vehicles

April 2020

Electricity tariff reforms will be an essential part of the clean energy transition. Existing tariffs rely on average cost pricing and often set a price per unit that exceeds marginal cost.

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.

Promoting Energy Efficiency in Emerging Economies Through Consumer Education: Results From a Field Experiment in Mexico

March 2020

AbstractWe report on the results of a field experiment in Puebla, Mexico that informed randomly-selected households facing a nonlinear price schedule about how different electricity-consuming...

Simplified Electricity Market Models with Significant Intermittent Renewable Capacity: Evidence from Italy

January 2020

Using hourly offer curves for the Italian day-ahead market and the real-time re-dispatch market for the period January 1, 2017 to December 31, 2018, we show how thermal generation unit owners...

Locational Marginal Network Tariffs for Intermittent Renewable Generation

November 2019

The variability of solar and wind generation increases transmission network operating costs associated with maintaining system stability.

Wholesale Electricity Market Design

November 2019

Wholesale electricity market design requires an explicit regulatory process to set the market rules for compensating and charging market participants for their actions.

Transmission Planning and Operation in the Wholesale Market Regime

November 2019

The different incentives generation unit owners face for locating and operating their units in the wholesale market regime versus the vertically-integrated monopoly regime has wide-ranging...

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...

For wind and solar, big is (usually) better

September 2019

Thurber:  "Big is beautiful" for wind and solarDistributed renewables have an important niche, especially for off-grid lighting in developing countries, but almost every challenge associated with...

Can Forward Commodity Markets Improve Short-Term Market Performance? Evidence from Wholesale Electricity

September 2019

Economists traditionally argue that forward commodity markets allow more effi- cient risk-sharing and information aggregation.

Transformation and Modernization of the Wholesale Electricity Market in Colombia

August 2019

This report provides recommendations on the six topic areas in the transformation and modernization theme “Competition, participation and structure of the electricity market.” These are: (1)...

Reference Dependence in the Demand for Gasoline

July 2019

Recent behavioral models of reference-dependent or context-dependent preferences have posited that consumers form reference points or consideration sets based on expectations.

Measuring the Impact of Own and Others' Experience on Project Costs in the U.S. Wind Generation Industry

July 2019

We investigate the relationship between accumulated experience completing wind power projects and the cost of installing wind projects in the U.S. from 2001-2015.

The benefits of purely financial participants for wholesale and retail market performance: lessons for long- term resource adequacy mechanism design

April 2019

In April 2015, Singapore introduced an anonymous futures market for wholesale electricity.

Market power and incentive-based capacity payment mechanisms

March 2019

Capacity markets provide guaranteed payments to electricity generation unit own- ers for having the “firm capacity” to produce electricity.

Coal

March 2019

By making available the almost unlimited energy stored in prehistoric plant matter, coal enabled the industrial age – and it still does.

People

frank wolak Frank Wolak PESD Director, Senior Fellow Professor, Economics
IMG 0795 Ognen Stojanovski Research Scholar at PESD
Mark's profile picture Mark C. Thurber Associate Director for Research at PESD, Social Science Research Scholar
anirudha balasubramanian headshot Anirudha Balasubramanian Graduate Research Assistant
rodrigo headshot Rodrigo Naumann Graduate Research Assistant
Trevor Davis Aug2011 Trevor L. Davis Postdoctoral Scholar
zeyu wang headshot Zeyu Wang Graduate Research Assistant
Ni Yan headshot Ni Yan Graduate Research Assistant
kevin behanjpg Kevin Behan Graduate Research Assistant
ryantriolo profilepic Ryan Triolo Graduate Research Assistant
daniel wainstock headshot Daniel Wainstock Undergraduate Research Assistant
kurt sweat headshot Kurt Sweat Graduate Research Assistant