Recent advances in technology have made traditional energy market structures ripe for disruption. From rapidly declining costs for renewable power and energy storage to the revolution in unconventional oil and natural gas production, the energy industry is today in the midst of profound change that could have long-term implications for climate change, energy access, and global economic growth. Properly structured markets are the most efficient way to reduce emissions and pollution, unleash the promise of advanced energy technologies, and improve energy access and reliability at the lowest cost.
EPIC’s research is uncovering the structures and policy approaches that allow markets to realize their full potential. This includes exploring the costs and benefits of fossil fuels and renewable energy. It also means to analyzing the effectiveness of policies geared toward conserving energy, improving the electric power system and taking carbon out of the transportation system.