Unleashing the Power of Power Markets
As renewable energy and energy efficiency scale up around the world, energy markets must adapt to the shift from a predominantly inflexible, high-carbon resource mix to a more flexible, low-carbon resource mix—on both sides of the meter. Effective markets also enable grid operators and system managers to maintain reliable service at the lowest reasonable cost.
Our team helps policymakers, regulators, planning agencies, system operators, and others operating in competitive energy markets navigate the complexities of market design and develop market rules to accelerate the transition to a low-carbon energy future.
We identify, refine, and recommend market mechanisms that promote system flexibility and support the transition to a low-carbon, clean energy future. We also advise policymakers as they tailor clean energy policies, such as renewable portfolio standards and feed-in-tariffs, to complement local electricity markets. A critical consideration of any transition is the potential for adverse financial impacts on both investors and consumers. Therefore, our team also helps policymakers develop exit strategies for the early retirement of high-carbon resources.