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Home / Homepage Featured Article / Energy Solutions Ep. 7: The Electricity Market Referee on How to Get a Stronger, Cleaner, Cheaper Grid

September 23, 2021

Energy Solutions Ep. 7: The Electricity Market Referee on How to Get a Stronger, Cleaner, Cheaper Grid

By EPSA

Listen on Spotify, Google Podcasts, Pandora, Stitcher

In this Episode

Guest: Dr. Joseph “Joe” Bowring, president, Monitoring Analytics and Independent Market Monitor for PJM Interconnection 

Host: Todd Snitchler, president and CEO, Electric Power Supply Association 

Americans want reliable, affordable and cleaner electricity. This episode’s guest, Joe Bowring, says if working properly, competitive markets will deliver those goals – but there are a lot of challenges from the pressure to subsidize power plants and new policy goals. He’s the referee – or independent market monitor – for PJM Interconnection, the nation’s largest grid operator and competitive wholesale electricity market. We discuss why subsidies to nuclear plants like those passed in Illinois drive up costs and harm market efficiency, the true impact of the Minimum Offer Price Rule (MOPR) on energy resources in PJM, and how we can better design markets to deliver emissions reductions while keeping costs low and the lights on.

“The point of markets is to bring customers wholesale power at the lowest possible cost… and I think they’ve served that purpose.” 

Dr. Joseph Bowring, independent market monitor for PJM Interconnection

Production

Producer, Audio Editor: Christina Nyquist, communications director, Electric Power Supply Association 

Production Associate: Sarah Krieger, communications associate, Electric Power Supply Association 

Learn more:

Today’s Competitive Electricity Markets Are a Strong Foundation for Tomorrow’s Grid | EPSA | June 7, 2021 

Markets Help Promote Affordable, Reliable Power Sources as Renewable Energy Overtakes Coal as Second Largest Source of American Electricity | EPSA | August 3, 2021 

Filed Under: Homepage Featured Article, Podcast Tagged With: affordable, Bowring, clean energy, electricity, EPSA, Illinois, IMM, market design, markets, MOPR, nuclear subsidies, PJM, PJM MOPR, reliable

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