This podcast discusses the findings on our recently published paper at the Energy Journal, titled “The Impact of Capacity Market Auctions on Wholesale Electricity Prices” (Vol. 43, No. 1). The objective of this analysis is to shed light on the impact-on electricity prices and net costs borne by the consumer-of the introduction of the Capacity Market.
Dominic Scott, senior adviser at the Regulatory Assistance Project, and Francisco Moraiz, a senior economist in British energy regulator Ofgem, shed further light on the background behind the work, as well as outline the method employed, results and their interpretation. The paper and accompanying podcast are presented in a personal capacity.
About Francisco Moraiz
Francisco Moraiz works as a senior economist for Ofgem, the Energy Regulator in Great Britain. He is responsible for quantitative analysis, impact assessments and evaluations. Prior to this, he worked for the Department of Energy and Climate Change (now the Department for Business, Energy & Industrial Strategy), consultancy and academia. He has many years of experience managing complex analytical projects.
About Dominic Scott
Dominic is a senior adviser in the Regulatory Assistance Project - an independent, non-partisan, non-governmental organization dedicated to accelerating the transition to a clean, reliable, and efficient energy future. Dominic also lectures energy economics and policy at the University of Reykjavik. Prior to that, he worked for 10 years in the British civil service, in the energy ministry (now the Department for Business, Energy & Industrial Strategy), the competition authority (now the Competition and Markets Authority) and the energy regulator Ofgem. Mr. Scott is an economist with degrees from the London School of Economics and Trinity College Dublin.