The Evolution of Wholesale Electricity Markets

Event Summary

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.