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ERCOT Energized: the good, the bad, and the ugly of the new Texas Nodal Market Design

William W. Hogan

William W. Hogan is the Raymond Plank Professor of Global Energy Policy. He is Research Director of the Harvard Electricity Policy Group at M-R CBG and Chair of the Kennedy School Faculty Appointments Committee. Hogan has served on the faculty of Stanford University, where he founded the Energy Modeling Forum (EMF), and he is past president of the International Association for Energy Economics (IAEE). Professor Hogan's research focuses on the interaction of energy economics and public policy, which, in recent years, has meant an emphasis on the restructuring of the electricity industry in the United States and worldwide. He has worked to design the market structures and market rules by which regional transmission organizations, in various forms, coordinate bid-based markets for energy, ancillary services, and financial transmission rights that allow market participants to hedge congestion costs. Selected papers are available on his website, www.whogan.com. He received his undergraduate degree from the U.S. Air Force Academy and his PhD from UCLA.

Professor Hogan has been actively engaged in the design and improvement of competitive electricity markets in many regions of the United States, as well as around the world, from England to Australia. His activities include designing the market structures and market rules by which regional transmission organizations, in various forms, coordinate bid-based markets for energy, ancillary services, and financial transmission rights. This research is also part of the larger activities on energy policy research at Harvard University through the Environment and Natural Resources Policy Program, Environmental Economics Program, Harvard University Center for the Environment, and the Mossavar-Rahmani Center for Business and Government.

 

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