Evaluating utility business models, market designs, policies, and regulations within the energy system
Energy Market Design & Assessment
We evaluate the evolving public policy landscape and new competitive pressures impacting both vertically integrated and restructured energy markets.
As the demand for renewable energy and distributed generation grows, traditional market structures, energy pricing, supply-demand dynamics, and investment patterns are all subject to change. EMP investigates how these emerging trends impact key institutions within vertically integrated and restructured energy markets across the globe. For instance, we perform analytical studies of how renewable energy, transmission policies, and electricity storage drive various changes in wholesale electricity markets. We also work to document both existing and emerging regulatory frameworks to better understand how market design rules impact the competitive pressures within the energy sector.
Selected Projects
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Recent Publications
Wiser, Ryan H, Eric O'Shaughnessy, Galen L Barbose, Peter Cappers, and Will Gorman."Factors Influencing Recent Trends in Retail Electricity Prices in the United States."The Electricity Journal
38.4 (2025). DOI
Jain, Anubhav, Tianzhen Hong, Mary Ann Piette, Michael D Sohn, Will Gorman, Alexandre Moreira, Lazlo Paul, Haitam Laarabi, and Maher Alghalayini."Frontiers in Energy Storage: Next-Generation Artificial Intelligence (AI)."
(2024).
Gorman, Will, Joseph Rand, Julia Matevosyan, and Fredrich Kahrl."Transmission Interconnection Roadmap: Transforming Bulk Transmission Interconnection by 2035."
(2024).
Singhal, Nikita G, Rajni Kant Bansal, Julie Mulvaney Kemp, Erik Ela, and Miguel Heleno."Integration of Hybrids into Wholesale Power Markets."
(2023).
Kemp, Julie Mulvaney, Miguel Heleno, and Andrew D Mills."Hybrid Power Plant Bidding in Models of Future Electricity Systems."2023 IEEE Power & Energy Society General Meeting (PESGM)
(2023). DOI
Xiang, Chenxi, Xinye Zheng, Feng Song, Jiang Lin, and Zhigao Jiang."Assessing the roles of efficient market versus regulatory capture in China’s power market reform."Nature Energy
(2023). DOI
Kemp, Julie Mulvaney, Dev Millstein, James Hyungkwan Kim, and Ryan H Wiser."Interactions between hybrid power plant development and local transmission in congested regions."Advances in Applied Energy
10 (2023). DOI
Millstein, Dev, Ryan H Wiser, Seongeun Jeong, and Julie Mulvaney Kemp."The Latest Market Data Show that the Potential Savings of New Electric Transmission was Higher Last Year than at Any Point in the Last Decade."
(2023).
Kim, James Hyungkwan, Mark Bolinger, Andrew D Mills, and Ryan H Wiser."Rethinking the Role of Financial Transmission Rights in Wind-Rich Electricity Markets in the Central U.S.."The Energy Journal
44.6 (2023). DOI
