Designing the Electricity Markets of the Future, with Chiara Lo Prete

In this week’s episode, host Kristin Hayes talks with Chiara Lo Prete, an associate professor of energy economics at Penn State University, about the design of electricity markets in the United States. Lo Prete discusses the differences among electricity markets in different regions of the country; efforts to ensure that electric utilities can meet demand for electricity under adverse conditions, such as extreme weather events; and new designs of electricity markets that aim to accommodate both growing demand for electricity and the further integration of renewable energy resources into the US electric grid. References and recommendations: “Time for a Market Upgrade? A Review of Wholesale Electricity Market Designs for the Future” by Chiara Lo Prete, Karen Palmer, and Molly Robertson; https://www.rff.org/publications/reports/review-of-wholesale-electricity-market-designs-for-the-future/ “Superpower: One Man’s Quest to Transform American Energy” by Russell Gold; https://www.simonandschuster.com/books/Superpower/Russell-Gold/9781501163593 “4 3 2 1” by Paul Auster; https://us.macmillan.com/books/9781250618801/4-3-2-1