Consumer reliability preferences in electricity markets with a capacity requirement

April 8, 2024

In this latest OIES podcast Hasan Muslemani talks to Frank Felder about his forthcoming OIES paper ‘The Challenges of Incorporating Consumer Reliability Preferences in Electricity Markets with a Capacity Requirement’. Power outages and major blackouts are widespread, affecting hundreds of millions globally. One way to improve reliability and reduce costs is to have more customers adjust their electricity consumption based on system conditions, but demand response needs to be developed faster. A market-based way for consumers to do so may help, combined with technological advances in smart meters and load control devices. The podcast explains how to incorporate different customer reliability preferences in power systems or markets that have resource adequacy/capacity requirements. It also explains how allowing customers to opt out of such requirements while ensuring they will be disconnected during shortages is the first step in incorporating reliability and resiliency preferences and this can become more customer-specific and tailored over time.

Incorporating Social & Economic Costs in Resource Adequacy & Probabilistic Reliability, Resiliency & Adaptability Analyses

Presented to the ESIG Resource Adequacy Task Force

September 29, 2023

The Oxford Institute for Energy Studies Podcast - Incorporating Consumer Reliability Preferences in the Electricity Markets

August 2023

In this podcast, David Ledesma talks to Frank Felder about how Incorporating Consumer Reliability and permitting customers to adjust their electricity consumption, based on system condition, can reduce costs and improve system reliability. Power outages and major blackouts are widespread, affecting hundreds of millions globally.

New Jersey's Clean Energy Future

Bloustein School of Planning and Public Policy

Rutgers University, 2017

Potential for a Death Spiral in Electricity Rates

Rutgers Energy Institute

9th Annual Energy Symposium 2014

Remarks on Electricity Markets

Penn State NSF Workshop

September 2014