Lecture Kleinman Center Event

The Evolution of Wholesale Electricity Markets


Andrew L. Ott
President and CEO, PJM Interconnection


Chistina Simeone
Director of Policy and External Affairs, Kleinman Center for Energy Policy


Energy Forum at the Kleinman Center
220 S. 34th St.
Fisher Fine Arts Library, 4th Floor
Philadelphia, PA 19104

Andrew Ott, President and CEO of PJM Interconnection, discusses 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. 

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.

View the Presentation

The Evolution of Wholesale Electricity Markets

Andy Ott

Andy Ott

President and CEO, PJM Interconnection
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.

Christina Simeone

Kleinman Center Senior Fellow
Christina Simeone is a senior fellow at the Kleinman Center for Energy Policy and a doctoral student in advanced energy systems at the Colorado School of Mines and the National Renewable Energy Laboratory, a joint program.