Leadership Series: The Evolution of Wholesale Electricity Markets
For questions about this event, please contact:
Bill Cohen (firstname.lastname@example.org)
- Andrew L. OttPresident and CEOPJM Interconnection
Watch the recording
Andrew Ott, President and CEO of PJM Interconnection, will discuss trends in the electricity industry, the latest from FERC and Washington, D.C., electric grid resilience and steps PJM is taking to continue adapting wholesale electricity markets.
Join the Kleinman Center and the Wharton Energy Club to learn more about the fascinating history and evolution of the competitive wholesale electricity markets. The markets arose from a public policy push in the 1990s that sought to use competition and market efficiencies to give electricity consumers choices, and to control costs, incentivize innovation and boost reliability on the power grid. Since their inception 20 years ago, they have done exactly that through increased operational efficiency, reduced emissions and $3 billion per year in cost savings, all while maintaining the highest level of reliability standards. Now, in the face of technological advances and a changing industry, markets are being asked to do even more: They must create a platform for a more adaptable, resilient and greener grid while preserving economic viability and reliability.
About the Speaker
As president and chief executive officer, Andrew Ott oversees the largest power grid in North America and the largest electricity market in the world. Mr. Ott, a 20-year veteran with PJM, became the CEO in October of 2015. He also serves as a PJM Board member.
Mr. Ott was responsible for design and implementation of the PJM wholesale electricity markets. He has extensive experience in power system engineering, transmission planning, applied mathematics, electricity market design and implementation. Mr. Ott is internationally recognized as an expert in electricity market design.
Mr. Ott is an IEEE Fellow and serves as Chair of the CIGRE (International Council on Large Electric Systems) Study Committee C5 on Electricity Markets and Regulation. He is also a member of the Steering Board of GO 15 which is a voluntary initiative of the world’s 18 largest power grid operators. He also serves on the Board of the Association of Edison Illuminating Companies and previously served as a board member for the Association of Power Exchanges for 8 years.