Energy Market Design

Energy Market Design

Designing and implementing efficient electricity markets is key to the success of restructuring efforts. If the rules governing such things as system operations, bidding, and contracting are not efficient and compatible, competition may be inhibited. Various institutional models have been proposed and implemented. As they are implemented, new problems and issues are being confronted, some of which have served to mitigate potential benefits sought through restructuring. As new power markets and power pools develop, the challenge to the industry is to determine how to best shape future marketplaces. A number of different issues must be considered, including:

  • Independence and governance of system operations;
  • Power system reliability and operations standards;
  • Energy bidding, ancillary services price determination and settlement procedures;
  • Transmission system access, congestion management, pricing and expansion;
  • Forward market development and contracting; and
  • Metering, billing and market information requirements.

NERA has an enormous amount of experience assisting utilities, independent power producers, and government entities with market design and implementation issues. We have been involved with the development of power pools and trading systems, in fact, virtually all of the power pools and independent system operators (or ISOs) throughout the world. We have also consulted on bilateral transactions and related issues and written and testified on the Federal Energy Regulatory Commission’s Standard Market Design proposal.

Name Title Location Phone Email
George Anstey Managing Director London
+44 20 7659 8630
+32 2 282 4340
Benjamin Chee Managing Director New York City +1 212 345 0091
Richard Druce Managing Director London +44 20 7659 8540
Sean Gammons Managing Director London
+44 20 7659 8564
+49 30 700 1506 01
Dr. Jeff D. Makholm Managing Director Boston +1 617 927 4540
Kurt G. Strunk Managing Director New York City +1 212 345 5035
Willis Geffert Associate Director Washington, DC +1 202 466 9293
Dr. Laura T. W. Olive Associate Director Boston +1 617 927 4588
Dr. Juan Carlos Ortigas Associate Director Madrid +34 91 521 0020
Jonathan Falk Affiliated Consultant New York City +1 212 345 5315
Mike King Affiliated Consultant Denver
San Francisco
Washington, DC
+1 303 357 4781
+1 303 618 4915
+1 303 618 4915
Dr. Chantale LaCasse Affiliated Consultant Washington, DC
+1 202 466 9218
+1 416 868 7314
Dr. Hethie Parmesano Affiliated Consultant Los Angeles +1 213 346 3000
Dr. Michael Rosenzweig Affiliated Consultant Washington, DC +1 202 466 9231
Title Type Author
The Road to Mexico’s Self-Sufficient Energy Reforms Published Article Dr. Jeff D. Makholm, Dr. José Antonio Peñuelas, and Hamish Fraser
Fixing Local vs. National Public Interest Contests Requires a Full-Court Press in Con... Published Article Dr. Laura T. W. Olive
History’s Greatest Public-Private Infrastructure Partnership: The US Gas Market and I... White Paper By Dr. Jeff D. Makholm and Dr. Laura T. W. Olive
A Review of European Efficiency Benchmarking Exercises for Regulated Power and Gas Ne... Published Article By Tomas Haug and Lorenz Wieshammer
Why Publitize? Prospects for Undoing Investor-Ownership of Electric Utilities Published Article Dr. Jeff D. Makholm
A Hitchhiker’s Guide to Gas Demand Response Published Article Dr. Laura T. W. Olive
Cost of Equity for Regulated Networks: Recent Developments in Continental Europe Published Article Tomas Haug and Lorenz Wieshammer
Could Mexico’s Capacity Market Design Lead to Gaming by Generators? Published Article By Kurt G. Strunk and Willis Geffert
Gas Industry’s Version of Demand Response Cures Its “Duck Curve” Published Article Dr. Jeff D. Makholm
Institutions, to Property Rights, to High-Technology Gas Markets White Paper By Dr. Jeff D. Makholm