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Alternative Power Plays

Exploring Western Energy Market Evolution

Oct 16, 2024
Join energy experts John Tsoukalis, a Principal at Brattle Group specializing in electric market modeling, and Metin Celebi, also a Principal at Brattle, who focuses on resource planning and climate policy. They discuss the evolution of the Western electricity markets, highlighting the benefits of extended day-ahead markets and Markets+. The conversation dives into differences with Eastern U.S. deregulation, the impact of organizational maturity, and the vital role of regional cooperation in enhancing energy efficiency and customer savings.
38:29

Podcast summary created with Snipd AI

Quick takeaways

  • The podcast discusses the emergence of Extended Day-Ahead Markets and Markets Plus, emphasizing their roles in optimizing resource allocation and lowering customer costs in the WECC.
  • Panelists highlight the importance of regional cooperation and incremental market changes in the West, contrasting it with the Eastern U.S. deregulation experience to foster stakeholder confidence.

Deep dives

Overview of Energy Market Developments in the WEC

The podcast highlights significant developments in the Western Electric Coordinating Council (WECC) regarding wholesale power markets, focusing on four key initiatives. These include the Extended Day-Ahead Market (EDAM), Markets Plus, RTO West, and the Western Resource Adequacy Program (RAP). Each initiative aims to enhance regional market participation, optimize resource allocation, and improve economic efficiency for utilities involved. The emergence of these markets is largely driven by the need for improved resource adequacy and better alignment with the diverse energy needs across the interconnected western states.

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