Full Title: POWER MARKETS FOR THE FUTURE
Author(s): MICHAEL GOGGIN Grid Strategies LLC, ROB GRAMLICH Grid Strategies LLC, STEVEN SHPARBER Nelson Mullins Riley & Scarborough LLP, ALISON SILVERSTEIN Independent consultant
Publisher(s): WIND SOLAR ALLIANCE and Grid Strategies
Publication Date: November 1, 2018
Full Text: Download Resource
Description (excerpt):
Wind and solar energy are leading sources of new electricity generation, driven by increasing
demand and rapidly declining costs. The shift in generation types will affect the whole electric
industry — generation, system operations, transmission and distribution.
This report focuses on the wholesale power markets and system operations aspects of the
electric industry, with particular focus on the Mid-Atlantic (“PJM”) and Midwest (“MISO”) regions.
Two-thirds of the electricity in America passes through centralized wholesale electric markets,
serving much of the nation’s economy and population. Those market rules and practices
are developed by stakeholders in those markets, overseen by federal energy regulators and
affected by state regulatory decisions. The market rules determine how the grid operates, which
resources get financing and interconnection, what products are offered, what resources get paid,
and more. Market rules can make or break the economics of an individual supply or demand
resource, and the reliability and affordability of electricity