Research Papers


2014 |2013 | 2011 | 2010 | 2005| 2004 | 2003 | 2001 | 1999 |


MISO. "Extended Locational Marginal Pricing." February 2014.


Benjamin, Richard M., An Electricity Primer for Energy Economists: Basic EE to LMP Calculation (February 12, 2013). USAEE Working Paper No. 13-113. Available at SSRN:

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MISO ELMP filing, December 22, 2011.

MISO. "Extended Locational Marginal Pricing: Questions and Answers." November 2011.

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Cadwalader, Michael, Paul Gribik, William Hogan, Susan Pope. Extended LMP and Financial Transmission Rights. June 9, 2010. 8 pages.

Gribik, Paul. Extended LMP (“ELMP”). Stakeholder Workshop, May 26, 2010.


Roark, Jeffrey. My Wound is Argentina...Expansion of Transmission by Market Participants in the World's First LMP Market. 19 May 2005. Presentation, 17 pages.

Harvey, Scott, Susan Pope and William Hogan. Comments on the California ISO MRTU LMP Market Design. 23 February 2005. Paper, 218 pages.


Ruff, Larry (Charles River Associates). A Transitional Non-LMP Market for California: Issues and Recommendations. 16 September 2004. Final report prepared for CAISO, 74 pages.


Greenleaf, Steve. The Costs and Benefits of Cost-Benefit Studies: A Client's Perspective ("To LMP or Not to LMP"). 22 May 2003. Presentation, 20 pages.

Mitsche, Jim. LMPs and Congestion Relief. 30 January 2003. Presentation, 13 pages.


Tabors, Richard. Forward Markets for Transmission that Clear at LMP: A Hybrid Proposal. January 2001. Presentation, 10 pages.


O'Neill, Richard. Will RTOs Solve ISO, ITC, CBM, NLP, CRT, LMP, SCR, 888...? 24 May 1999. Presentation.


Capacity Markets

Climate Change


Competitive Market Models and Transitions to Competition

Distributed Energy Resources

Electric Storage

Environment - Clean Air

EPAct and Predictions for the Future

FERC Rulings and Reports

Financial Markets

Financial Transmission Rights

Investment Incentives/Risk Allocation

Lessons from Abroad

Lessons from Other US Industries


Market Liquidity

Market "Manipulation"

Merchant Transmission

Mergers, Market Power and Anti-Trust

National Energy Policy

Natural Gas

Nuclear Power

PEV (Plug-in Electric Vehicles)

Public Power

Regional Transmission Organizations

Regulation, Governance and Judicial Review


Renewable Energy

Research and Development

Resource Adequacy

Retail Pricing

Scarcity Pricing


Smart Grid

Standard Market Design and Demand-Side Activities

State and Regional Activities

Stranded Benefits (Including Public Policy, Environment, DSM, IRP)

Stranded Investments, Assets, Costs (Including the Nuclear Question)

Technology Incentives

Transmission: Cost Allocation, Investment, and Planning

Wholesale and Retail Competition

Miscellaneous (Including Electricity Futures, Economic Principles, Financial Reform)