Research Library

Scholar Raúl Bajo Buenestado examines the consumer welfare consequences of introducing capacity payments in the electricity sector, finding that capacity payments reduce price volatility and increase the reliability of the system but also cause consumers’ electricity bills to rise.

Children living in food-insecure households face myriad challenges to their well-being. This journal article assesses the impact of food insecurity on the academic achievement, behavior and health of young children.

Though consumers generally pay higher electricity prices in areas with capacity markets, those markets also serve as an insurance mechanism to incentivize capacity additions and reduce the probability of extreme events. Graduate fellow Raúl Bajo Buenestado analyzes the implications of capacity markets for consumers in liberalized energy sectors.