EnleashedEnleashed
Fix the energy market
Draft

PJM-style Locational Marginal Pricing

A centrally optimised nodal market in which wholesale prices reflect marginal energy cost, transmission congestion and losses, supplemented by capacity and ancillary-service markets.

Solution section

Evidence

Operational evidence, literature, empirical experience and validation.

Evidence

PJM and other US markets provide substantial operational evidence for nodal pricing at scale.

Evidence should distinguish:

  • transmission dispatch efficiency;
  • congestion management;
  • price volatility;
  • hedging;
  • capacity-market outcomes;
  • investment effects;
  • consumer outcomes;
  • distribution-level applicability.

Operational success at transmission level should not automatically be treated as evidence for every adjacent design choice.

Scientific Claims

The evidence programme is organised around a set of scientific claims. Each claim is supported by one or more experiments that test specific properties of the proposed market architecture.

No evidence has been added to Enleashed for this candidate yet.