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NECA’s Lessons learned from Texas

May 12, 2021 @ 1:00 pm - 2:30 pm

Lessons learned from Texas: what can we do to better weather the extreme weather?

1:00 to 2:30 pm (Panel discussion from 1 to 2 and “hang around the podium” from 2 to 2:30)

Topics for discussion:

  1. Is there a wholesale power market design – energy-only with scarcity or energy plus capacity or centrally planned markets – that can more effectively manage the challenges posed by unexpected events  and weather-driven  extreme episodes on the electricity system?
  2. What aspects of market design– incentives or requirements – could improve resilience of the electricity market?
  3. Do we need to reform planning to align with market changes and such extreme weather events?
  4. Finally, are we at a  cross-roads with respect to the interplay of wholesale and retail market design?

Speaker (with more to come):

Peter Cramton, Professor of Economics, University of Cologne and the University of Maryland (Emeritus since 2018), (and former Director of the Board of ERCOT)

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