Market design – self despatch and central despatch

The Substation Podcast

22:42

We are here recording live at Medallia Experience at the Wynn in Las Vegas, and have been seeing and hearing some amazing things about how AI can enhance the customer experience as well as enable teams at organizations to create more meaningful connections with customers. Today we’re going to talk about how AI can help to create better experiences for customers before, during, and after their interactions. To help me discuss this topic, I’d like to welcome Fabrice Martin, Chief Product Officer at Medallia. RESOURCES Medallia: https://www.medallia.com Catch the future of e-commerce at eTail Boston, August 11-14, 2025. Register now: https://bit.ly/etailboston and use code PARTNER20 for 20% off for retailers and brands Don't Miss MAICON 2025, October 14-16 in Cleveland - the event bringing together the brights minds and leading voices in AI. Use Code AGILE150 for $150 off registration. Go here to register: https://bit.ly/agile150 Connect with Greg on LinkedIn: https://www.linkedin.com/in/gregkihlstrom Don't miss a thing: get the latest episodes, sign up for our newsletter and more: https://www.theagilebrand.show Check out The Agile Brand Guide website with articles, insights, and Martechipedia, the wiki for marketing technology: https://www.agilebrandguide.com The Agile Brand podcast is brought to you by TEKsystems. Learn more here: https://www.teksystems.com/versionnextnow The Agile Brand is produced by Missing Link—a Latina-owned strategy-driven, creatively fueled production co-op. From ideation to creation, they craft human connections through intelligent, engaging and informative content. https://www.missinglink.company…

for 3 år siden 49:58

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In the second in the series on electricity market design, Tom and Emma discuss the two different approaches to pricing and despatch in electricity markets –central despatch and self despatch. They talk about how we moved from a centralised 'pool' market to a de-centralised market in Great Britain and ask whether there could be a case to move back again.

25 episoder

#Tech #Substation

The Substation Podcast

Market design – self despatch and central despatch

The Substation Podcast

published for 3 år siden

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MP3•Episode hjem

25 episoder

#Tech #Substation

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The Substation Podcast

1
Skip Rates in the Electricity Market 35:17

for 1 year siden35:17

35:17

Tom and Emma talk about skip rates - the term used to describe assets not being dispatched in the electricity market, although they're in merit. They discuss how definitions for skip rates differ across stakeholders, and talk about work underway to improve skip rates. Are they a natural part of balancing a complex system or are they avoidable quirk of old systems?…

The Substation Podcast

1
Alternatives to Locational Marginal Pricing (LMP) 42:01

for 2 years siden42:01

42:01

Tom and Emma discuss options for improving locational signals on the electricity system that aren't Locational Marginal Pricing (LMP). Could reforms to network access, network charging, new markets and services send better signals to the market and reduce constraint costs? Could these options be easier to implement than LMP, and reduce potential investor uncertainty? And why can't we just build more wires?…

The Substation Podcast

1
Energy demand – the role for intelligent demand in energy systems with Alex Schoch from Octopus 46:46

for 2 years siden46:46

46:46

In the third episode in the series about the role of demand in energy markets, Emma and Tom speak to Alex Schoch, global head of flexibility at Octopus Energy. They discuss how Demand Side Response will evolve to become intelligent demand. Read the Octopus blog about this at: https://octopus.energy/blog/intelligent-demand/…

The Substation Podcast

1
Energy demand – what happens when there’s not enough energy to meet demand? 40:38

for 2 years siden40:38

40:38

In the second in a series on the role of demand in energy, Tom and Emma talk about the arrangements in GB gas and electricity systems that are used when the market fails to balance supply and demand. What are the steps taken to avoid disconnecting demand? How is energy rationed when there isn't enough, and how do we return back to normal market operations afterwards?…

The Substation Podcast

1
Energy demand – the role of demand in energy 54:50

for 2 years siden54:50

54:50

In the first in a series about energy demand, Emma and Tom discuss how demand interacts with energy, covering energy efficiency, demand side response, demand destruction and rota disconnections. How should different kinds of demand be incentivised, now and in the future?

The Substation Podcast

1
Market design - Time in electricity markets 32:58

for 3 years siden32:58

32:58

In the third episode on electricity market design, Tom and Emma ask "What is Time?". But they're not physicists, so they can't answer this question. But they can answer: What's a Settlement Period? What's an EFA Block? What do futures contracts represent? All this - and more - in the latest episode of the Substation Podcast.…

The Substation Podcast

1
Alternatives to locational pricing - with Adam Bell 52:02

for 3 years siden52:02

52:02

Locational Marginal Pricing seems to be high on the policy agenda after it featured heavily in the Review of Electricity Market Arrangements released recently by BEIS, Emma and Tom chat with Adam Bell from Stonehaven as they attempt to tease apart the strengths and weaknesses of this approach to market design, and discuss possible alternatives.…

The Substation Podcast

1
A Clean Energy Standard - with George Day 46:49

for 3 years siden46:49

46:49

How might a clean Energy Standard help the energy system deploy towards Net Zero in a cost effective way? A clean energy standard places obligations on consumers and suppliers to secure firm low carbon power. Emma and Tom catch up with George Day from the Energy Systems Catapult to talk through some of the implications of its design, its strengths and weaknesses and compare it to some other ideas like market splitting or locational marginal pricing (LMP). You can read more about the proposals here: https://es.catapult.org.uk/report/rethinking-electricity-markets-the-case-for-emr-2/…

The Substation Podcast

1
Review of the Electricity Market Arrangements (REMA) - how might market design evolve in GB? 33:47

for 3 years siden33:47

33:47

Emma and Tom talk about the latest development in market design in GB, the Government's Review of the Electricity Market Arrangements - REMA. It will be a wide-ranging review, with an ambitious scope, considering all aspects of markets and mechanisms. They talk about historical experience with market reform in GB, possible interventions following REMA, tne importance of governance, and the importance of good acronyms.…

The Substation Podcast

for 3 years siden51:20