Energy Tradeoffs Podcast #21 – Joshua Macey
This week’s EnergyTradeoffs.com podcast episode features Cornell’s Joshua Macey talking with David Spence about his research on “Renewables and Reliability in Competitive Wholesale Electricity Markets.”
In the interview, Joshua explains why electric power providers in competitive markets are relying more and more on capacity markets, which pay them just for being available to provide power, and less on energy markets, which pay them only when they are actually providing power. He critiques the way that interstate grid operators and the Federal Energy Regulatory Commission have implemented these capacity markets, arguing that current rules discriminate against renewable resources such as wind and solar power.
The discussion builds on Joshua’s forthcoming University of Pennsylvania Law Review article with Jackson Salovaara, “Rate Regulation Redux.”
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