Did Ercot’s Shift from Zonal to Nodal Market Design Reduce Electric Power Prices?

Jay Zarnikau, C.K. Woo, and Ross Baldick have examined whether the shift from a zonal to nodal market design in the ERCOT power market had a noticeable effect on electric energy prices. The resulting article, published in the Journal of Regulatory Economics, and this post may be a bit geekier than we usually get around here. … More Did Ercot’s Shift from Zonal to Nodal Market Design Reduce Electric Power Prices?