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


Photo credit: Richard Carter



May 15, 2012 - News

Wolak presents at Energy Risk USA Conference

PESD director Frank Wolak spoke on role of congestion revenue rights (CRRs) and financial transmission rights (FTRs) in improving energy market efficiency at the Energy Risk magazine’s 16th annual 2-day conference.   His talk focused on the question of whether CRRs and FTRs issued by the market operator in Locational Marginal Pricing (LMP) markets improved or degraded wholesale electricity market performance.  

Wolak argued that CRRs and FTRs issued by market participants were more likely to improve market performance than those issued by the market operator.    Frank also participated in a panel on the future of liquefied natural gas (LNG) in the US and around the world given tremendous increase in shale gas production in the United States and likely increase in other parts of the world.