Expertise
- Market design
- Efficiency in competitive markets
- Carbon markets
Power Markets
Effectively integrating the demand side into the power market appropriately recognizes the contributions of efficiency and load control in determining demand and price. Consideration of environmental impacts from the power sector should also influence the dispatch choice, both in the long and short term, as outlined in Clean First's dispatch rule. Markets can also be designed to deliver the resource capabilities required to reliably meet carbon reduction goals with an increasing mix of renewables in the power supply. RAP advises policymakers on strategies for improving the economic and environmental efficiency of power markets.
Featured Work
RAP Recommends Adjusting Texas Market Rules to Value Flexibility
In comments filed with the Texas Public Utility Commission, RAP recommends that the state consider adjusting its wholesale market rules to value flexible resources.
Learn MoreBeyond Capacity Markets: Delivering Capability Resources to Europe's Decarbonised Power System
Delivering a reliable power supply to consumers has always been a central objective of power market design and various solutions to this challenge have been adopted in Europe and elsewhere. In the...
Learn MoreEU Emissions Trading Scheme and an Optimal Mix of Climate Policies
The Emissions Trading Scheme (ETS) creates a framework for reducing EU-wide emissions by placing a price on emitting carbon. As the third phase of the ETS approaches, which will see auctioning of allowances from 2013, it has become increasingly clear that the price signal sent by the ETS will require other policies to drive the deep emissions reductions needed by 2050.
Learn MoreMarket Mechanisms to Support Climate Goals
The most successful market-based mechanisms support programs that invest directly in energy efficiency. At a two-day workshop held in Beijing, RAP's David Crossley, Max Dupuy and Eoin Lees were among the international speakers who explored how market mechanisms could support China's climate change goals.
Learn MoreThe EU's Electricity Market Reform: Creating a Decarbonised, Reliable, and Affordable Power System
RAP is working with EU policymakers to design an optimal mix of policies and market rules that will attract the needed investment in zero and low-carbon resources to achieve 2050 carbon reduction targets.
Learn MoreNext Steps in Power Market Reform
China’s power sector is in the process of transitioning from a vertically integrated, state-owned monopoly to an unbundled, market-oriented industry with many of the characteristic of reformed power sectors in other parts of the world.
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