Growing amounts of intermittent renewable generation capacity substantially increase the
complexity of determining whether sufficient energy will be available to meet hourly …

Integrating intermittent renewable generation with near zero private marginal costs for
generating electricity will change market outcomes, but this article emphasizes that this …

Although different jurisdictions around the world had different motivations for restructuring
their electricity supply industries and introducing wholesale electricity markets, all had the …

The health effects of “dirty”(fossil fuel driven) energy production are difficult to measure
accurately due to the endogeneity of fuel choice. We exploit an electricity policy in Colombia …

This paper studies how to design electricity markets to reduce emissions and prevent
blackouts. Zero-emission renewable energy sources, such as wind and solar, are …

Many electricity markets use capacity mechanisms to support producers. Capacity payments
can mitigate imperfections associated with “missing money” in the spot market and solve …

This paper quantifies how market power and uncompetitive behavior in forward markets
affect equilibrium prices to the detriment of consumers in the electricity industry in Colombia …

Wholesale electricity markets over the past three decades have become more sophisticated
with near real-time (eg, 5 minute) bid-based security constrained nodal pricing together with …

We examine the inefficiency of uncoordinated environmental regulation of CO 2 emissions
from electricity generation for a large regional US wholesale electricity market that spans …

Final Report on Thematic Line 2: Transformation of the Peruvian Wholesale Electricity
Market wolak@zia.stanford.edu Page 1 Final Report on Thematic Line 2: Transformation of …