Market Design
Expertise in power markets in the United States and abroad
We leverage our extensive energy market, financial, and litigation experience to address complex regulatory issues, including the assessment of market structure and design of market mechanisms. Our experts have consulting experience spanning market design issues in each of the wholesale power markets in the United States operating by independent system operators (ISOs) and regional transmission organizations (RTOs), including PJM, Midcontinent ISO, the Southwest Power Pool, the New York ISO, ISO New England, and the California ISO.
We have also provided testimony in market-based rate proceedings, rate cases, integrated resource planning (IRP) dockets, and facility siting hearings. Backed by our extensive experience with energy industry participants and state and federal regulatory agencies across the United States, Canada, East Asia, and elsewhere, we help clients tackle energy market design issues with unmatched energy economics and regulation experience.
Expertise in market design, modifications, and reforms
Power facilities have relied on our expertise to help develop proposals to modify the capacity market design for wholesale power markets. Our team has evaluated proposed modifications to electricity markets that are intended to support reliability, reviewed market reform options, and performed preliminary analyses of proposed system modifications. We have carried out market, regulatory, and commercial due diligence as an independent market consultant to lenders financing renewable energy projects.
Steering consensus in energy planning best practices
Our team has reviewed best practices in integrated resource planning in the current utility sector market economics amid a rapidly changing technological environment. In addition, our experts have developed systems of accounts and implemented regulatory accounting systems in a number of countries that have restructured their energy industries. This work includes engaging and educating energy generators and other stakeholders to achieve a broad consensus on the path forward.
