The meeting is an opportunity for state policy makers and regulators to convene and discuss regionalization of organized wholesale electricity markets in the West. The 2-day workshop combines introductory presentations on organized wholesale electricity markets; hands-on game-based market simulation training to improve understanding of market dynamics; updates on current activities at the California ISO and the Southwest Power Pool; and opportunities to prioritize regional market issues and next steps.
The hands-on market simulation training is provided by the Program on Energy and Sustainable Development (PESD) at Stanford University. The game-based simulation training that is useful in helping policymakers and regulators explore potential benefits and challenges of regional market integration. Participants at the workshop will work in teams and perform the roles of electric generating companies, load serving entities, and vertically-integrated utilities. The instructors for simulation training are:
- Frank Wolak, Holbrook Working Professor of Commodity Price Studies, Department of Economics, Stanford University;
- Mark Thurber, Associate Director, Program on Energy and Sustainable Development, Stanford University; and
- Trevor Davis, Research Associate, Program on Energy and Sustainable Development, Stanford University.
The simulation training will be limited to two participants from each state or province. The meeting is open to the public and individuals may attend the simulation training as observers.