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February117
Webinar (video)

Capacity Markets 101: Understanding Options for Alberta (Webinar)

  During this informational webinar hosted by the Pembina Institute, RAP’s Michael Hogan explores what capacity markets are, key design principles, and lessons learned from other jurisdictions. Sara Hastings-Simon, associate regional director, Alberta at the Pembina Institute moderates the session, including a Q&A.

Journal Article January 19, 2017

Follow the Missing Money: Ensuring Reliability at Least Cost to Consumers in the Transition to a Low-Carbon Power System

By Michael Hogan

The “missing money problem” refers to the idea that prices for energy in competitive wholesale electricity markets may not adequately reflect the value of investment in the resources needed for reliable electric service. In this article published in The Electricity Journal, Michael Hogan unpacks the missing money issue, recapping how energy prices should be e...

Integrating Renewable Energy, Market Design, Pricing and Rate Design, Reliability Download View Summary
Presentation December 1, 2016

Hitting the Mark on Missing Money: How to Ensure Reliability at Least Cost to Consumers

By Michael Hogan

In a presentation at the Florence School of Regulation's Climate Annual Conference, Michael Hogan addressed the often-misunderstood "missing money" problem. He explores how energy pricing drives investment in the design of wholesale electricity markets, the importance of investing in flexibility and spurring innovation, as well as the value of policy support f...

Market Design, Pricing and Rate Design, Reliability Download View Summary
Presentation November 28, 2016

Electricity Market Design: Learning from Experience

By Michael Hogan

In this presentation at the Polish Power Market Forum 2016 in Warsaw, Michael Hogan highlights options for achieving reliability at lowest reasonable cost and suggests that resource capabilities--not just capacity--are key. He recommends well-administered, regionally integrated energy and balancing services markets as irreplaceable drivers of investment in t...

Market Design, Reliability Download View Summary
Policy Brief October 28, 2016

Zapewnienie niezawodności systemu energetycznego a mechanizm mocy

By Michael Hogan, Edith Bayer, Joanna Maćkowiak-Pandera

Jeżeli decyzja o mechanizmie mocy zostanie podjęta - istotne, aby rozwiązanie to nie zablokowało transformacji sektora energetycznego i umożliwiło dywersyfikację źródeł wytwarzania po 2020 r. oraz wspierało poprawę innowacyjności. Mechanizm ten powinien wynagradzać nie tylko moc, ale również zdolności do produkowania energii w różnych przedziałach czasowych.

Integrating Renewable Energy, Market Design, Reliability Download View Summary
Presentation October 25, 2016

Hitting the mark on missing money: How to ensure reliability at least cost to consumers

By Michael Hogan

Energy markets are often said to suffer from a "missing money" problem. While the analysis behind these claims is often muddled, there can be legitimate concerns about whether energy markets are adequately remunerating needed investment. In this RAP webinar presentation, Michael Hogan addresses how energy pricing drives investment in the design of wholesale elect...

Market Design, Pricing and Rate Design, Reliability Download View Summary