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Electricity Market Design
London Economics is one of the world’s leading experts in power market design. The issues surrounding design of power markets are complex, with potentially costly implications for a diversity of stakeholders. Challenges range from the structure and timing of bidding in wholesale energy markets, to the design of transmission tariffs and congestion charges, to market power and trading in ancillary services. Having dealt with these questions repeatedly since the inception of wholesale power markets in the late 1980s in the UK, London Economics is uniquely positioned to provide solutions tempered with the knowledge of experience in other regions.
Our market design engagements in North America have taken place in, among other regions, California, New England, Texas, Alberta, and Ontario. We work both for the institutions responsible for establishing wholesale power markets and for the companies affected by them. The North American market is diverse, and trading arrangements for one region are not always appropriate in another. London Economics is able to use its global expertise to recommend solutions based on international best consulting practice rather than just abstract economic theory.
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 Regulatory Economics
Performance Based Ratemaking
Electricity Market Design
Unbundling
Market Power
Indicative Work
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