In our latest podcast, we sat down with Rana Mukerji, NYISO’s SVP of Market Structures, to learn about his journey from growing up in Calcutta, India to becoming widely regarded as one of the industry's leading designers of electricity markets. We ask Rana about his past career experience working for General Electric and ABB, and how the markets must evolve to accommodate a new set of renewable resources while keeping the grid reliable.
Wholesale competitive electricity markets are an essential component of grid reliability in New York. Markets play a critical role in reconciling supply with demand which must be in perfect balance at all times.
As decarbonization policies drive an increase in intermittent, weather-dependent energy such as wind and solar, it has never been more important to understand markets’ contribution to reliability. There are few people more qualified to explain this evolution than NYISO Senior Vice President of Market Structures Rana Mukerji. Rana was instrumental in the early research and data simulation that informed the structure of markets in New York. This edition of our Power Trends podcast is a master class in the wholesale electricity markets that the New York ISO administers and how the energy, capacity, and ancillary markets work together.
➡️ For more, read a Q&A with Rana Mukerji at: www.nyiso.com/blog
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