Learning track
Power System Economics
Electricity markets, pricing and the business side of keeping the grid running.
Why Power Markets Exist
Why electricity isn't a normal commodity, and the two basic models for deciding which plant runs.
7 min readThe Day-Ahead and Real-Time Markets
How electricity trades in stages, from a day-ahead forecast to real-time balancing, and how marginal pricing works.
7 min readLocational Marginal Pricing
Why electricity can have a different price at every point on the grid, and what congestion and losses do to it.
7 min readAncillary Services Markets
How frequency regulation, reserves and voltage support get bought and paid for, separately from energy.
7 min readCapacity Markets & Resource Adequacy
Why plants get paid just to be available, and how 'missing money' shapes long-term reliability.
7 min readContracts, PPAs & Price Risk
How forwards, PPAs and Contracts for Differences let generators and buyers hedge against spot market volatility.
7 min readMarket Design & the Energy Transition
How near-zero-marginal-cost renewables are straining traditional market design, and how markets are adapting.
8 min read