This was part of
The Architecture of Green Energy Systems: Next Steps
Completing ISO Markets
Dick O’Neill
Wednesday, August 21, 2024
Abstract: This presentation focuses on the next steps to complete the design of ISO markets. These steps are to promote bid-in demand, use AIC pricing, construct better transmission expansion (optimal topology) models and extreme weather reliability. Bid-in demand improves market surplus (including reliability) and allows for efficient consumption of low-valued consumption. AIC pricing provides better more transparent price signals without make-whole or uplift payments. Reliability models should include extreme weather based on probability of historical and foreseeable events. They should calculate expected benefits pay and the beneficiaries who pay for the expansion. To achieve this goal, we need to re-examine DR programs, purge the old vertically integrated utility lexicon like ‘1 in 10’ and peanut-buttered rates.