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
Sean Gammons Managing Director London
+44 20 7659 8564
+49 30 700 1506 01
Dr. Chantale LaCasse Managing Director Washington, DC
+1 202 466 9218
+1 416 868 7314
Dr. Jeff D. Makholm Managing Director Boston +1 617 927 4540
George Anstey Director London +44 20 7659 8630
Benjamin Chee Director New York City +1 212 345 0091
Richard Druce Director London +44 20 7659 8540
Daniel Radov Director London +44 20 7659 8744
Kurt G. Strunk 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
Dennis Colenutt Affiliated Consultant London +44 20 7659 8500
Jonathan Falk Affiliated Consultant New York City +1 212 345 5315
Hamish Fraser Affiliated Consultant London +44 20 7659 8500
Mike King Affiliated Consultant Denver
San Francisco
Washington, DC
+1 303 357 4781
+1 303 618 4915
+1 303 618 4915
Dr. Hethie Parmesano Affiliated Consultant Los Angeles +1 213 346 3000
Dr. Michael Rosenzweig Affiliated Consultant Washington, DC +1 202 466 9231
Graham Shuttleworth Affiliated Consultant London +44 20 7659 8654
Title Type Author
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 Kurt G. Strunk and Willis Geffert
Gas Industry’s Version of Demand Response Cures Its “Duck Curve” Published Article Dr. Jeff D. Makholm
Helm’s Wishful Thinking on Energy Policy: Repeating Past Mistakes, Expecting Differen... White Paper Sean Gammons, George Anstey, and Richard Druce
Squaring the Circle: What the Air Traffic Control Sector Can and Cannot Learn from Ot... White Paper Dominik Huebler and Arjun Dasgupta
Institutions, to Property Rights, to High-Technology Gas Markets White Paper By Dr. Jeff D. Makholm
When Sisyphus Gave Up: Capacity Markets and State Aid in the EU Published Article By George Anstey and Soren Christian
Success Strategies in New Japanese Electric Power Market Published Article By Dr. Glenn R. George and Hans-Martin Ihle