EP.68 Peter Cramton, Professor of Economics at the University of Cologne

In this episode, our CEO John Feddersen is joined by Peter Cramton, Professor of Economics at the University of Cologne, to discuss the future of power markets.

Peter is one of the world’s foremost experts on electricity systems economics, he’s been a leading thinker in market design across energy, telecommunications and health procurements in the US, Europe and beyond. Since 1983, he has conducted research on auctions and market design, with a focus on the design of complex markets to best achieve goals. Between 2015-2021, he was an independent director of the board of the Electric Reliability Council of Texas (ERCOT).

John and Peter discuss:

• Whether privatisation of parts of the power markets worked globally in the sense that enhanced human welfare
• The meaning and targets for decarbonisation in Europe vs the US
• Security of supply and the impact of the recent events in ERCOT on capacity markets and energy only markets