Integrating Reliability-must-run Practices into Wholesale Electricity Markets

One of the challenges of electric power market design comes in the need to consider the consequences of design choices for both market outcomes and grid reliability. Strictly speaking, the two kinds of consequences are not neatly separable, as market choices affect system reliability and system reliability affects market outcomes. The interaction between the two … More Integrating Reliability-must-run Practices into Wholesale Electricity Markets