Electric Market Enthusiasm, pt. 3: Professor Frank Wolak on Market Design and an Energy Market Game


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Professor Frank Wolak, the Holbrook Working Professor of Commodity Price Studies in the Department of Economics at Stanford University who also works as the Director of the Program on Energy and Sustainable Development, joins Paul Dockery for the third installation of our Electric Market Enthusiasm series.

04:13 - my lede for Professor Wolak’s working paper

Wolak, Frank A. "Long-term resource adequacy in wholesale electricity markets with significant intermittent renewables." Environmental and Energy Policy and the Economy 3.1 (2022): 155-220.

10:22 - the Reliability Externality and it’s relation to the Missing Money problem

16:48 - suspending exports in scarcity events

20:27 - Standardized Fixed Price Forward Contract market auctions

34:50 - the Energy Market Game

48:28 - The Future of Electricity Retailing and How We Get There

52:43 - developing market depth on the demand side

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