Introduction to Electricity Markets

08 December 2021
Hosted By: IEL

Associate Director Dr. Laura T. W. Olive will speak at the Institute for Energy Law’s Young Energy Professionals Workshop on Introduction to Electricity Markets.” Dr. Olive will:

  • Describe the economics of the electricity sector from power generation to household consumption;
  • Compare vertically integrated regions to the nine North American organized competitive power markets (e.g., PJM, ERCOT, MISO) and the incentives arising from differences in regulation; and
  • Review how independent system operators determine the order to dispatch generation, how wholesale prices are determined, and the effects of integrating more gas and renewables on prices and reliability.

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