(Photo by Don and Suzan Weller, via Flickr Creative Commons.) As the sun sets over Waterford, CT, an expert proposes a price floor in wholesale electricity markets.
As New England states progress towards decarbonization goals, the electricity spot market will see offers from solar and wind generators that incur no marginal cost. That can harm reliability and put some operators hastily out of business. To retain existing resources and the stability they bring, we need to set...