Carbon Enission Prices and Electricity Market Subsidies (May 2023). HEPG Presentation (9 pages)
Fundamentals Define the Constraints on Electricity Market Design (May 2023). Joint with Scott Harvey. Oxford Energy Forum.
Third Rails and the Green Agenda (April 13, 2023). Harvard Salata Institute Seminar Presentation.
Beyond the crisis: re-thinking the design of power markets (March 8, 2023), Rapport du groupe académique international à la CRE « Au-delà de la crise ; repenser le marché électrique européen » Report for the Commission de Régulation de l’Energie, Europe.
Location Marginal Prices and Electricity Markets (October 17, 2022). Joint with Scott Harvey. NYISO FERC Submission (30 pages)
Climate Policy and the Green Agenda: Could Nordhaus be Right? (January 17.2022). IAEE Webinar Presentation (50 pages)
Electricity Market Design and Zero‐Marginal Cost Generation (October 21, 2021). Forthcoming in Current Sustainable/Renewable Energy Reports. (22 pages) Published Version
Electricity Market Design. (July 30, 2021) ACCC/AER Regulatory Conference 2021, Electricity Market Design Panel, Australia, (42 pages)
Electricity Market Design: Multi-Interval Pricing Models. (July 26, 2021) IEEE/PES Presentation. (38 pages)
Demand Response and Order 745 Pricing Revisited (July 26, 2021) IEEE/PES Presentation (8 pages)
Electricity Marlet Design: More on the Green Agenda and Carbon Pricing. (March 9, 2021) HEPG Presentation (28 pages). Supplemental Note
Computation of Convex Hull Prices in Electricity Markets with Non-Convexities using Dantzig-Wolfe Decomposition (December 24, 2020, revised October 14, 2021). Joint with Panagiotis Andrianesis, Dimitris Bertsimas, and Michael C. Caramanis. (12 pages)
Carbon Pricing in Organized Wholesale Electricity Markets (September 30, 2020) Comments for FERC Technical Conference, Docket No. AD20‐14‐000. (7 pages)
Macro-Energy Models: Looking Back and Looking Forward (September 17, 2020) Keynote for Stanford Workshop. (20 pages)
Electricity Market Design: Multi-Period Pricing Models. (June 22, 2020) HEPG Presentation (29 pages)
Electricity Market Design: Multi-Interval Pricing. (February 20, 2017, revised). (50 pages.) Yes Energy Keynote Presentation.
Transmission Investment Beneficiaries and Cost Allocation: New Zealand Electricity Authority Proposal (February 1, 2020) (34 pages). EANZ Link EANZ Decision (June 10, 2020)
Strengths and Weaknesses of the PJM Market Model (November 26, 2019). Invited Chapter for Handbook on the Economics of Electricity. (28 pages)
ELECTRICITY MARKET DESIGN: California ISO/PX “Fundamentally Flawed” (October 1, 2019). HEPG Presentation. (19 pages)
PJM Reserve Markets: Operating Reserve Demand Curve Enhancements (March 21, 2019). Joint with Susan Pope. PJM ORDC Report. (83 pages) (Podcast) (PJM 206 Filing) (PJM Reply Comments, June 21, 2019)
Amici Curiae Brief, U.S. Supreme Court, Electric Power Supply Association, et al. (February 7, 2019) Economists' Brief On Petitions for a Writ of Certiorari to the United States Courts of Appeals for the Seventh and Second Circuitson, on state subsidy programs and electricity markets. (32 pages) (Supreme Court denied petition, April 15, 2019).
Cross-product Manipulation in Electricity Markets: Microstructure Models and Asymmetric Information (January 2019). Joint with Chiara Lo Prete, Bingyuan Liu and Jia Wang, NY. (43 pages)
ELECTRICITY MARKET DESIGN: The Value of FTRS (October 26, 2018).Platts Nodal Trader Conference Keynote, New York, NY. (38 pages)
Embracing Merchant Transmission Investment (October 15, 2018).Joint with Martina Lindovska, Jason R.H. Mann, Susan L. Pope. (16 pages)
ELECTRICITY MARKET DESIGN: Can Electricity Markets Meet the Challenge of Meeting Non-Market Objectives? (October 4, 2018).HEPG Presentation, Washington, DC. (22 pages)
Best Electricity Market Design Practices: In My View (January 2018). IEEE Power and Energy. (6 pages)
Western Energy Imbalance Market: An Efficient Market with Conflicting Carbon Policies (January 8, 2018).Webinar presentation for EIM Body of State Regulators. (19 pages)
An Efficient Western Energy Imbalance Market with Conflicting Carbon Policies (September 28, 2017).(14 pages)
Priorities for the Evolution of an Energy-Only Electricity Market Design in ERCOT (May 9, 2017). Joint with Susan L. Pope.(114 pages)
State Policies and Wholesale Markets (May 2, 2017). Comments for FERC Technical Conference.(5 pages)
Carbon Prices, Preferences, And The Timing Of Uncertainty [work in progress] (April 26, 2017). Joint with Gernot Wagner. Yale Environmental Economics Seminar, (33 pages)
Electricity Market Design: Political Economy and the Clean Energy Transition (November 9, 2016). IHS – MIT Energy Initiative Seminar.(51 pages) MIT Lecture
The Power of Change (September 8, 2016). National Academy of Sciences Report on Innovation for Development and Deployment of Increasingly Clean Electric Power Technologies.(320 pages)
Virtual Bidding and Electricity Market Design (May 25, 2016). To appear in The Electricity Journal (30 pages) Published Version.
Electricity Market Design and the Green Agenda (May 3, 2016). MIT Symposium Session on Wholesale Markets: Strengths and Weaknesses for a Decarbonizing Future. (20 pages)
Co-Optimization of Power and Reserves in Dynamic T&D Power Markets With Nondispatchable Renewable Generation and Distributed Energy Resources (April, 2016). Michael Caramanis, Elli Ntakou, William Hogan, Aranya Chakrabortty, and Jens Schoene, Proceedings of the IEEE. Invited paper. (30 pages)
Demand Response: Getting the Prices Right (February 15, 2016). Published version in Public Utilities Fortnightly, March 2016. (6 pages)
Electricity Market Design: Optimization and Market Equilibrium (January 13, 2016). UCLA IPAM Workshop Presentation. (50 pages)
Potential Arbitrage Revenue of Energy Storage Systems in PJM during 2014 ( 2017). Joint Paper with Mauricio Salles, Jungling Huang and Michael Aziz. (19 pages)
Electricity Markets and the Clean Power Plan (September 21, 2015). Working Paper. (31 pages)
Amici Curiae Brief, U.S. Supreme Court, Electric Power Supply Association, et al. (September 8, 2015) Economists' Brief on FERC Order 745 regarding demand response compensation. ( 49 pages) Supreme Court Decision (January 25, 2016).
Electricity Market Design Energy and Capacity Markets, and Resource Adequacy (September 1, 2015). EUCI Conference, Cambridge, MA. (30 pages)
Electricity Markets and the Clean Power Plan (June 11, 2015). Northeast Energy Bar Association Presentation. (32 pages)
Electricity Market Design: Energy Trading Practice and Market Manipulation Theory (October 9, 2014). Platts Nodal Trading Confrence Presentation. (20 pages)
Time‐of‐Use Rates and Real‐Time Prices (August 23, 2014). Working Paper. (8 pages)
Electricity Market Design and Efficient Pricing: Applications for New England and Beyond (June 24, 2014). Working Paper. (31 pages)
Refunds of Refunds (April 7 , 2014). Working Paper. (9 pages)
California Energy Imbalance Market Design (March 28, 2014). FERC Comments. ( 15 pages)
Electricity Scarcity Pricing and Resources Adequacy (February 27, 2014). HEPG Presentation. (19 pages)
Electricity Market Design Flaws and Market Manipulation (February 3, 2014). Paper on FERC Enforcement Policy and the Powhatan Matter. (15 pages)
Electricity Market Design: Energy Trading and Market Manipulation (Continued) (October 29, 2013). Platts Nodal Trading Confrence Presentation. (18 pages)
CAISO Energy Imbalance Market Straw Proposal: Comments (June 26, 2013). Notes on EIM design with carbon controls. (27 pages) (dc21eim.xls)
Electricity Scarcity Pricing Through Operating Reserves (April 25, 2013). Working Paper forthcoming in Economics of Energy and Environmental Policy. (27 pages)
Electricity Scarcity Pricing with an Operating Reserve Demand Curve (April 18, 2013). 2013 Austin Electricity Conference. (23 pages)
Back Cast of Interim Solution B+ to Improve Real-Time Scarcity Pricing Through Operating Reserves (March 22, 2013). ERCOT White Paper. (29 pages) Supplemental Analysis (May 3. 2013) (16 pages)
Financial Transmission Rights, Revenue Adequacy and Multi-Settlement Electricity Markets (March 18, 2013). Working Paper and FERC Submission. (8 pages)
Electricity Market Design: Energy Trading and Market Manipulation Redux (March 12, 2013). Skadden Conference Presentation, Washington, DC. (13 pages)
Allocating Costs “Very” Roughly Commensurate With Multiple Transmission Benefits (January 18, 2013). Toulouse Conference, The Economics of Energy Markets, Presentation. (32 pages)
Electricity Scarcity Pricing Through Operating Reserves: An ERCOT Window of Opportunity (November 1, 2012). Working Paper. (11 pages)
Electricity Market Design: Financial Transmission Rights, Up To Congestion Transactions and Multi-Settlement Systems (July 16, 2012). Working Paper. (14 pages)
Amici Curiae Brief, District Court of Columia Circuit, Electric Power Supply Association, et al. (June 13, 2012) Economists' Brief on FERC Order 745 regarding demand response compensation. ( 44 pages) District Court of Columbia Circuit Decisons. (May 23, 2014)
Allocating Costs Commensurate with Multiple Transmission Benefits (June 8, 2012). PJM RPPTF Workshop Presentation. (18 pages)
Multiple Market-Clearing Prices, Electricity Market Design and Price Manipulation (March 31, 2012). Working Paper. (21 pages)
Electricity Market Design: Energy Trading and Market Manipulation (March 13, 2012). Skadden Conference Presentation, Washington, DC. (15 pages)
Electricity Market Reform: Market Design and Extended LMP (November 28, 2011). NHH Worksop on Pricing in Deregulated Electricity Markets, Voss, Norway, Prsentation. (23 pages)
Allocating Costs Commensurate with Transmission Benefits (October 13, 2011). NECA Conference Presentation. (13 pages)
Comments on PJM Minimum Offer Price Rule (August 25, 2011). FERC Technical Conference, Docket EL11-20-001. (9 pages)
Electricity Market Reform: Market Design and the Green Agenda (June 21, 2011). Stockholm, 34th IAEE International Conference, Presentation. (20 pages)
Electricity Market Reform: Market Design and Resource Adequacy (June 15, 2011). Toulouse Conference, The Economics of Energy Markets, Presentation. (26 pages)
Transmission Benefits and Cost Allocation (May 31, 2011). HEPG Paper. (29 pages)
Demand Response Compensation, Net Benefits and Cost Allocation: Preliminary Comments (September 13, 2010) . FERC Technical Conference, Docket RM10-17-100. (8 pages)
Extended LMP and Financial Transmission Rights (June 9, 2010) . Co-authored with Michael Cadwalader, Paul Gribik and Susan Pope (8 pages)
Scarcity Pricing and Locational Operating Reserve Demand Curves (June 2, 2010) . FERC Technical Conference on Unit Commitment Software, Docket AD10-12. (37 pages)
Demand Response Pricing in Organized Wholesale Markets (May 13, 2010) . IRC Comments, Demand Reponse Notice of Proposed Rulemaking, FERC Docket RM10-17-000. (9 pages)
Implications for Consumers of the NOPR’s Proposal to Pay the LMP for All Demand Response (May 12, 2010) . EPSA Comments, Demand Reponse Notice of Proposed Rulemaking, FERC Docket RM10-17-000. (17 pages)
Fairness and Dynamic Pricing: Comments (April 30, 2010) . Rutgers Conference Paper, Submitted to the Electricity Journal. (10 pages)
Electricity Wholesale Market Design in a Low Carbon Future (January 23, 2010), Chapter for Volume on Harnessing Renewable Energy. ( 33 pages) Harnessing Renewable Energy in Electric Power Systems: Theory, Practice, Policy 2010.
McCullough’s Critique of the New York Electricity Market (December 22, 2009), For NYISO, co-authored with Scott Harvey. (10 pages)
Providing Incentives for Efficient Demand Response (October 29, 2009) . PJM Demand Reponse, FERC Docket EL09-68-000. (24 pages)
A Model for a Zonal Operating Reserve Demand Curve (October 15, 2009) . MIT presentation. (87 pages)
Illustrating Two Models of Locational Operating Reserve Demand Curves (October 1, 2009) . HEPG presentation. (62 pages)
Regulation and Electricity Markets (April 16, 2009) . Western Power Trading Forum presentation. (34 pages)
Electricity Market Reform: APPA's Journey Down the Wrong Path (April 16, 2009) Co-authored with John D. Chandley. COMPETE Coalition Paper. (58 pages)
Scarcity Pricing: More On Locational Operating Reserve Demand Curves (March 13, 2009, Revised March 23, 2009) HEPG presentation. (70 pages)
Resource Sufficiency Guarantees, Cost Causation and Cost Allocation (October 9, 2008) Comments submitted to the Federal Energy Regulatory Commission, Docket No. EL07-86-000. (31 pages)
Electricity Market Structure and Infrastructure (September 25, 2008), Conference Paper (revised), Acting in Time on Energy Policy, Harvard University. ( 32 Pages).
Energy Interdependence (Summer, 2008), National Strategy Forum Review Essay, Hedging Against Uncertainty: US Strategy in an Interdependent World. ( 36 Pages)
Texas Nodal Market Design: Observations and Comments (May 2, 2008), Presentation, ERCOT Energized Conference, Austin, Texas. ( 17 Pages).
Electricity Market Design: Coordination, Pricing and Incentives (May 2, 2008), Presentation, ERCOT Energized Conference, Austin, Texas. ( 36 Pages).
Electricity Market Hybrids: Mixed Market Design, Regulation And Investment (January 17, 2008), Keynote Presentation, La Asociación Española para la Economía Energética (AEEE), Bilbao, Spain. (85 Pages).
Market-Clearing Electricity Prices and Energy Uplift (December 31, 2007) Co-authored with Paul R. Gribik and Susan L. Pope. (46 pages).
Amici Curiae Brief, Supreme Court, Morgan Stanley et al. (November 28, 2007) Economists' Brief on Ninth Circuit Decision regarding Mobile Sierra doctrine. ( 47 pages). Supreme Court Decision.
Energy and Democracy (November 20, 2007) Plenary Presentation, Club of Madrid, Spain. ( 3 pages).
Electricity Market Hybrids: Mixed Market Design and Infrastructure Investments (September 18, 2007) Presentation, USAEE/IAEE North American Conference, Houston. ( 27 pages).
Comments on Wholesale Competition in Regions with Organized Electric Markets (September 17, 2007) Co-authored with Susan L. Pope. Submitted to the Federal Energy Regulatory Commission, Docket No. RM07-19-000. ( 30 pages).
Acting in Time: Regulation and Wholesale Electricity Markets (May 17, 2007) Presentation, New England Energy Conference. ( 19 pages).
Acting in Time: Regulating Wholesale Electricity Markets (May 8, 2007) Comments at FERC Technical Conference on Competition in Wholesale Power Markets, Docket No. AD07-7-000. ( 16 pages).
Toward a Combined Merchant-Regulatory Mechanism for Electricity Transmission Expansion (April 14, 2007) Co-authored with Juan Rosellón and Ingo Vogelsang. IAEE Florence Conference Paper. ( 23 pages).
Stability of Supply Function Equilibria Implications for Daily versus Hourly Bids in a Poolco Market (2006). Co-authored with Ross Baldick. (23 pages)
Reply Comments on Preventing Undue Discrimination and Preference in Transmission Services (September 20, 2006) Co-authored with John D. Chandley. Submitted to the Federal Energy Regulatory Commission, Docket No. RM05-25-000. ( 21 pages).
A Path To Preventing Undue Discrimination And Preference In Transmission Services (August 2, 2006) Co-authored with John D. Chandley. Submitted to the Federal Energy Regulatory Commission, Docket No. RM05-25-000. ( 54 pages).
Path Dependent Transmission Access (June 9, 2006) Infocast OATT Conference Keynote Presentation, Washington, DC. (23 pages).
Resource Sufficiency Guarantees and Cost Allocation (May 25, 2006) Comments submitted to the Federal Energy Regulatory Commission, Docket No. ER04-691-065. (21 pages).
Reliability and Scarcity Pricing: Operating Reserve Demand Curves (March 2, 2006) HEPG presentation. (31 pages).
Resource Adequacy Mandates and Scarcity Pricing (“Belts and Suspenders”) (February 23, 2006) Comments submitted to the Federal Energy Regulatory Commission, Docket Nos. ER05-1410-000 and EL05-148-000. (9 pages).
Connecting Reliability Standards And Electricity Markets (December 8, 2005) HEPG presentation. (21 pages).
Comments On Preventing Undue Discrimination And Preference In Transmission Services (November 22, 2005) Comments submitted to the Federal Energy Regulatory Commission, Docket No. RM05-25-000. (26 pages).
Market Design and Electricity Restructuring (November 1, 2005) Association of Power Exchanges (APEx), 2005 Annual Conference, Orlando FL, Presentation. (40 pages).
On an “Energy Only” Electricity Market Design for Resource Adequacy (September 23, 2005) (39 pages).
Electricity Market Restructuring: Successful Market Design (July 26, 2005) NARUC Summer Meetings, Electricity Committee, Austin TX, Presentation. (26 pages).
Electricity Restructuring: Public Purposes, Markets, and Institutional Design (May 13, 2005) Kennedy School Spring Conference Presentation. (13 pages)
Comments on the California ISO MRTU LMP Market Design (February 24, 2005) Co-authored with Scott M. Harvey and Suan L. Pope (218 pages).
Polynomial Approximations and Supply Function Equilibrium Stability (August 27, 2004). With Ross Baldick. (41 pages)
Shedding Light (April 19, 2004). Wall Street Journal Op Ed Blackout Task Force Report. (1 page).
Local Market Power Mitigation (February 4, 2004). Comments submitted to the Federal Energy Regulatory Commission, Technical Conference, Docket Nos. PL04-02-000 and EL03-236-000 . (5 pages)
Electricity Transmission Investment: Theory and Practice (January 28, 2004). Presentation, Infocast Transmission Summit, Washington DC. (12 pages)
A Hazard Rate Analysis of Mirant's Generating Plant Outages in California (January 2, 2004). With Scott Harvey and Todd Schatzki. Toulouse Conference paper. (37 pages) Presentation. (13 pages) Mirant Outage Data (zip file). ( 2 MB)
Successful Market Design ("SMD") and Failure Diagnosis: Blackouts and Lampposts in Regulating Electricity Markets (October 9, 2003). Presentation, Regulatory Policy Program Seminar, Center for Business and Government . (40 pages)
NEPOOL Transmission Cost Allocation Proposal (August 21, 2003). Comments submitted to the Federal Energy Regulatory Commission, Docket No. E03-1141 . (40 pages)
Market Rules and Market Based Rates (August 18, 2003). Comments co-authored with Scott M. Harvey and submitted to the Federal Energy Regulatory Commission, Docket Nos. EL01-118-000 and EL01-118-001 . (17 pages)
Electricity Is a Federal Issue (August 18, 2003). Wall Street Journal Op Ed following Northeast Blackout. (1 page).
Transmission Market Design. (April 4, 2003) Texas A&M conference paper. (26 pages).
On Minimum-Uplift Pricing for Electricity Markets. (March 19, 2003) Co-authored with Brendan Ring. (30 pages). (accompanying Example Spreadsheet).
Initial Comments of John D. Chandley and William W. Hogan on the Standard Market Design NOPR. (November 11, 2002) Comments submitted to FERC. (101 pages).
Electricity Standard Market Design: Proposal A, Analysis A-, Execution? (September 16, 2002) HEPG presentation. (13 pages).
Market Power and Market Simulations (July 16, 2002) (55 pages). Co-authored with Scott M. Harvey.
Review of the California ISO's Market Design (MD02) Proposal (June 4, 2002) Co-authored with Michael D. Cadwalader and Scott M. Harvey. (49 pages).
California Market Reform. A 1 MB zip file with various earlier papers on California market design, June 2002.
Financial Transmission Right Incentives: Applications Beyond Hedging (May 31, 2002) HEPG Presentation. (21 pages).
Electricity Market Design and Structure: Working Paper on Rate and Transition Issues in Standardized Transmission Service and Wholesale Electric Market Design (May 1, 2002). With Scott Harvey and Susan Pope. Comments submitted to the Federal Energy Regulatory Commission, Docket No. RM01-12-000. (14 pages).
Market Power and Electricity Competition (April 25, 2002) Presentation at ABA Anti-Trust Conference, Washington DC. (12 pages).
Electricity Market Design and Structure: Working Paper on Standardized Transmission Service and Wholesale Electric Market Design (April 10, 2002) Comments submitted to the Federal Energy Regulatory Commission, Docket No. RM01-12-000. (62 pages).
Financial Transmission Right Formulations (March 31, 2002) (57 pages).
Electricity Market Design and Structure- Avoiding the Separation Fallacy (March 12, 2002). Comments submitted to the Federal Energy Regulatory Commission, Docket No. RM01-12-000. (7 pages)
Loss Hedging Financial Transmission Rights (January 15, 2002) (37 pages). Co-authored with Scott M. Harvey.
California Market Design Breakthrough (January 13, 2002) (3 pages).
Independent Transmission Companies in a Regional Transmission Organization (December 20, 2001; revised January 8, 2002) (22 pages). Co-authored with John D. Chandley.
Identifying the Exercise of Market Power in California (December 28, 2001) (87 pages). Co-authored with Scott M. Harvey.
Market Power and Withholding (December 20, 2001) (23 pages). Co-authored with Scott M. Harvey.
Capacity Constrained Supply Function Equilibrium Models of Electricity Markets: Stability, Non-decreasing Constraints, and Function Space Iterations. (December 18, 2001) (95 pages). Co-authored with Ross Baldick. PWP - 089. A Power Working Paper - University of California Energy Institute's Program on Workable Energy Regulation.
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Further Analysis of the Exercise of Market Power in the California Electricity Market (November 21, 2001) (34 pages). Co-authored with Scott M. Harvey.
The California Meltdown (Forum Article, Harvard Magazine, September-October, 2001) (4 pages, text without art of original).
Statement Before the Subcommittee on Energy Policy, Natural Resources and Regulatory Affairs, House of Representatives (August 2, 2001) Hearings on the FERC (6 pages).
Interregional Coordination of Electricity Markets (June 19, 2001) Presentation for FERC Technical Conference. (20 Pages).
Statement Before the Committee on Governmental Affairs, United States Senate (June 13, 2001) Hearings on the California market (5 pages). Panel Statements.
Electricity Market Restructuring: Reforms of Reforms (May 25, 2001) CRRI Conference Paper (31 pages) Presentation Slides (11 pages). Published Version.
Electricity Market Power Mitigation (May 18, 2001) Presentation at Massachusetts Electric Roundtable (24 pages).
Electricity Market Institutions, Texas and the California Meltdown (May 2, 2001) Presentation at University of Texas Conference (28 Pages).
On the Exercise of Market Power Through Strategic Withholding in California (April 24, 2001) (76 Pages) Co-authored with Scott M. Harvey.
Designing Market Institutions for Electric Network Systems: Reforming the Reforms in New Zealand and the U.S. (March 13, 2001) (31 pages) Presentation Slides (28 pages) Presentation at UTILICON Conference, Auckland, NZ.
Coordination for Competition: Electricity Market Design Principles (February 15, 2001) (41 pages) Presentation at PUC Texas Workshop on ERCOT Protocols.
California Electricity Market: Policy Meltdown (February 14, 2001) (12 pages) KSG Faculty Seminar Presentation.
The RTO Millennium Order: Following Through or Falling Apart? (Presentation, December 8, 2000) (23 pages).
Electricity Market Reform in California (November 22, 2000) (34 pages) Co-authored with John D. Chandley and Scott M. Harvey.
Issues in the Analysis of Market Power in California (October 27, 2000) (44 pages) Co-authored with Scott M. Harvey.
California Electricity Prices and Forward Market Hedging (October 17, 2000) (11 pages) Co-authored with Scott M. Harvey.
Flowgate Rights and Wrongs (August 20, 2000) (51 pages).
Market Power in Theory and Practice. (Discussant Comments, POWER Conference, UC Berkeley, March 17, 2000) (12 pages).
Making Markets in Power. (Cantor Lecture, London, February 21, 2000) (16 pages).
Nodal and Zonal Congestion Management and the Exercise of Market Power: Further Comment (February 11, 2000) (11 pages) Co-authored with Scott M. Harvey.
Nodal and Zonal Congestion Management and the Exercise of Market Power (January 10, 2000) (51 pages) Co-authored with Scott M. Harvey.
Getting the Prices Right in PJM. A Summary: April 1998 through September 1999 (October 30, 1999) (10 pages)
Coordinating Congestion Relief Across Multiple Regions (October 7, 1999) (47 pages) Co-authored with Michael D. Cadwalader, Scott M. Harvey, and Susan L. Pope.
Market-Based Transmission Investments and Competitive Electricity Markets (August 1999) (36 pages)
Electric Transmission Adequacy and Market Institutions (July 1999) (40 pages)
RTO (and CRT) NOPR: Designing Market Institutions For Electric Network Systems (May 24-25, 1999) (34 pages)
Restructuring the Electricity Market: Institutions for Network Systems (April 1999) (52 pages)
Transmission Congestion: The Nodal-Zonal Debate Revisited (February 27, 1999) (4 pages) A summary of the advantages of nodal pricing in an electricity market with choices.
Enabling the Power of Markets (January 7-8, 1999) (21 Pages) EEI CEO Conference Presentation.
Competitive Electricity Market Design: A Wholesale Primer (December 18, 1998) (26 pages) A compilation and update of introductory materials from previous papers.
Market Coordination of Transmission Loading Relief Across Multiple Regions (November 18, 1998, revised December 1, 1998) (37 pages) Co-authored with Michael D. Cadwalader, Scott M. Harvey, and Susan L. Pope.
Getting the Prices Right in PJM: Analysis and Summary: April through September (October 11, 1998)
(10 pages)
Getting the Prices Right in PJM: Analysis and Summary: April through August (September 7, 1998)
(9 pages)
Getting the Prices Right in PJM: Analysis and Summary: April through June (July 12, 1998) (8 pages)
Independent System Operator (ISO) for a Competitive Electricity Market (June 1998) (81 pages)
Getting the Prices Right in PJM: Analysis and Summary: April-May (June 3, 1998) (8 pages)
Reliability, Scheduling Markets, and Electricity Pricing (May 1998) (27 pages) Co-authored with Michael D. Cadwalader, Scott M. Harvey, and Susan L. Pope.
Getting the Prices Right in PJM: April Analysis and Summary (May 4, 1998) (6 pages)
FERC Policy on Independent System Operators: Supplemental Comments (May 1, 1998) (13 pages)
Electricity Market: "Getting the Prices Right" (April 13, 1998) (2 pages)
Getting the Prices Right in PJM (April 7, 1998) (1 page)
Transmission Investment and Competitive Electricity Markets (April 1998) (37 pages)
A Market Power Model with Strategic Interaction in Electricity Networks (July 15, 1997) (23 pages)
Reshaping the Electricity Industry (July 15, 1997) (90 pages)
Transmission Capacity Reservations and Transmission Congestion Contracts (June 6, 1996 - - revised March 8, 1997). Co-authored with Scott M. Harvey and Susan L. Pope. (105 pages)
A Concurrent Auction Model for Transmission Congestion Contracts (January 1997) (13 pages)
Retail Access is Easy, It's Getting Wholesale Access that is Hard (November 15, 1996) (72 pages)
Governance Structures for an Independent System Operator (ISO) (June 6, 1996) Co-authored with Carrie Cullen Hitt and Janelle Schmidt. (41 pages)
Electricity Transmission and Emerging Competition (April 27, 1995) (84 pages)
Coordination for Competition in an Electricity Market (March 2, 1995) (106 pages)
An Efficient Electricity Market: Using a Pool to Support Real Competition (Electricity Journal, September 1994) co-authored with Don Garber and Larry Ruff (12 pages)
An Efficient Bilateral Market Needs a Pool (August 4, 1994) (27 pages) Testimony before the California Public Utilities Commission.
A Competitive Electricity Market Model (Draft, October 9, 1993) (112 pages)
Transmission Capacity Rights For The Congested Highway: A Contract Network Proposal (July 8, 1991) Comments submitted to the Federal Energy Regulatory Commission, Docket No. PL91-1-000. (30 pages).
Combined Energy Models (1982), with John P. Weyant. Published in Advances in the Economics of Energy and Resources, 1982. (103 pages)