U.S. Electricity Markets Overview

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Back On The Grid

Nick Sorokin

15 episodes

2 days ago

How does the grid work? What are the barriers to making it cleaner? And who has the power to decide? Tune in each week to hear about tech, markets, and policy related to the U.S. electricity sector.

Technology

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How does the grid work? What are the barriers to making it cleaner? And who has the power to decide? Tune in each week to hear about tech, markets, and policy related to the U.S. electricity sector.

Technology

https://d3t3ozftmdmh3i.cloudfront.net/production/podcast_uploaded_nologo/36969311/36969311-1679281097079-98ef9f1037ad.jpg

U.S. Electricity Markets Overview

Back On The Grid

21 minutes 38 seconds

1 year ago

U.S. Electricity Markets Overview

This podcast is a primer on electricity markets in the United States for people who don’t have time to read 200 page reports (though you totally should). We'll start with what's on your bill, look at wholesale auctions for electricity + bilateral trading, and wrap with some market issues like fraud, supply chains, and stranded assets.

Recommended reading to add wrinkles to your brain: https://www.monitoringanalytics.com/reports/PJM_State_of_the_Market/2024/2024q2-som-pjm-sec3.pdf

Timestamps:

00:00-Intro
00:38-Structure of the episode
01:10-T&D Part of Bill
01:45-Energy Part of Your Bill
02:20-Who Sells Power?
03:50-Example of a Bilateral Trade
05:30-Wholesale Electricity Auctions: ISO/RTOs
07:50-Nodal Pricing
08:30-Market Power Example
09:30-Market Fraud
10:46-Public Utility Commissions
12:17-Power Capacity & Ancillary Service Markets
13:28-Power vs Energy; MW vs MWh
14:00-Issues with Current Markets
16:00-Rider Chargers on Your Bill
18:00-Rooftop Solar vs Average Market Prices
20:00-Future Reading: INCs, DECs, UTCs, FTRs