HKS Affiliated Authors
Raymond Plank Research Professor of Global Energy Policy
Excerpt
Excerpt
Electricity Market Design and Green Energy. William Hogan, March 13, 2020, Paper, "An efficient short-run electricity market determines a market clearing price based on conditions of supply and demand balanced in an economic dispatch. Everyone pays or is paid the same price. The thought experiment of a no-carbon/zero-variable-cost, green energy supply reveals that the basic efficiency principles still apply. The same principles apply in an electric network." Link