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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

Retail & Demand-Side Coordination

How consumers, retailers, aggregators and flexible demand respond to the architecture.

Retail & Demand-Side Coordination

The nodal wholesale price exists at transmission locations, but consumers do not necessarily face raw nodal prices directly.

Retail suppliers, load-serving entities and aggregators intermediate between the wholesale market and end users.

Demand response can participate in organised markets subject to market rules, but individual household devices are not ordinarily first-class nodes in the transmission optimisation.