U.S. Electricity Markets Overview
from Back On The Grid Hosted by Nick Sorokin
This podcast is a primer on electricity markets in the United States for people who don’t have time to read 200 page reports (though you totally should). We'll start with what's on your bill, look at wholesale auctions for electricity + bilateral trading, and wrap with some market issues like fraud, supply chains, and stranded assets. Recommended reading to add wrinkles to your brain: https://www.monitoringanalytics.com/reports/PJM_State_of_the_Market/2024/2024q2-som-pjm-sec3.pdf Timestamps: 00:00-Intro 00:38-Structure of the episode 01:10-T&D Part of Bill 01:45-Energy Part of Your Bill 02:20-Who Sells Power? 03:50-Example of a Bilateral Trade 05:30-Wholesale Electricity Auctions: ISO/RTOs 07:50-Nodal Pricing 08:30-Market Power Example 09:30-Market Fraud 10:46-Public Utility Commissions 12:17-Power Capacity & Ancillary Service Markets 13:28-Power vs Energy; MW vs MWh 14:00-Issues with Current Markets 16:00-Rider Chargers on Your Bill 18:00-Rooftop Solar vs Average Market Prices 20:00-Future Reading: INCs, DECs, UTCs, FTRs
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