Electricity Markets

Measuring the Performance of Wholesale Electricity Markets

This paper examines the primary assessments of the electricity markets operated by the regional transmission organizations, evaluates the comprehensiveness and consistency of the market assessments, and provides recommendations for improvements. The paper points out where there are inconsistencies and gaps in the data across different RTOs and offers recommendations with the goal of improving the data issued on these markets for all stakeholders.

This analysis focuses on three sets of resources: the Federal Energy Regulatory Commission's annual State of the Market Reports, the annual market assessments issued by the RTO/ISO market monitors, and the FERC performance metrics. A companion document, What Is the State of the Markets?, provides a more complete summary of the data.

Read the paper.