Former Energy Secretary Ernest Moniz, who is said to be up for the same job in the Biden administration, expects to see significant power-market reforms as more of the economy is electrified.
President-elect Joe Biden’s push for a net-zero economy would require enormous amounts of new electricity capacity, mostly coming from renewable sources, Moniz said yesterday during an online keynote address for the 2020 New England Energy Summit.
That means “the evolving generation mix will require a substantial electricity-market reform” including pricing mechanisms that properly value storage in power-market auctions, he said.
Biden has called for a carbon-free electricity system ...
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