Lessons learned from Texas: What can we do to better weather the extreme weather?
When: May 12, 2021 1:00pm-2:30pm ET
- Margarita Patria, Principal – Charles River Associates
- Peter Crampton, Professor of Economics – University of Cologne and Former Director of the Board, ERCOT
- Beth Garza, Senior Fellow, Energy and Environment – R Street Institute
Join us to explore the following questions and more: 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? What aspects of market design– incentives or requirements – could improve resilience of the electricity market? Do we need to reform planning to align with market changes and such extreme weather events? Finally, are we at a cross-roads with respect to the interplay of wholesale and retail market design?
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