learning lessons about deeply decarbonized electricity markets from around the world including optimal prices in non-convex markets, reliability insurance, and system security
Farhad Billimoria, Conleigh Byers, PhD, Ahlmahz Negash, PhD, and Paul Dockery discuss adaptation of market design for the energy transition including fat tails and increased exposure to extremes; batteries and price responsive demand; natural gas fragility and marginal pricing; and inverter-driven resources and system security. Then the team plays a new game where they synthesize expert explanations of convex vs non-convex pricing and reliability insurance.
07:06 - Lesson 1: natural gas fragility and marginal pricing
24:23 - Lesson 3: fat tails and increased exposure to extremes
48:15 - Wonky energy game synthesizing expert explanations
1:27:36 - Ahlmahz’s insightful question of the week
1:32:18 - Conleigh Byers, PhD’s
Closing Thoughts
Public Power Underground, for electric utility enthusiasts! Public Power Underground, it’s work to watch!
What is Public Power Underground?
Public Power Underground is more than a discussion about public ownership of electric infrastructure, the infotaining episodes cover the energy enthusiast trifecta of electrification, markets, and people. The hosts interview industry experts on a broad range of energy industry and energy-industry-adjacent topics at the nexus of electric utilities and the energy transition. The podcast doesn’t take itself too seriously and frequently plays energy inspired games like “energy enthusiasm distilled,” “draw an analogy,” and “say something nice about electric utilities."