Freeman Spogli Institute for International Studies Program on Energy and Sustainable Development Stanford University

Photo credit: Flickr: Michael Mazengarb

February 3, 2012 - News

Frank Wolak presented and chaired a panel at Platt’s 7th Annual California Power Market Forum in San Francisco on December 8, 2011.

Wolak's presentation focused on assessing the market performance impacts of the recent implementation of convergence (or virtual) bidding in the California wholesale electricity market.  

Frank diagnosed possible causes of the adverse market outcomes related to convergence bidding and suggested possible market design changes to address them.  He also chaired a panel discussion on the progress of the implementation AB 32, California’s greenhouse emissions permit cap and trade program.  This panel focused on current implementation challenges and trading activity in advance of the market opening.

Topics: Cap and trade mechanism | Electricity