Serving the energy industry for over 30 years
By - Jon Brown

Capacity Markets: Design Fundamentals & Critical Elements
July 29, 2020 | Online :: Central time

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This course will provide an in-depth overview of the fundamentals of capacity market design. In particular, it will discuss the capacity market frameworks in use in the U.S., key ongoing debates surrounding the integration of capacity market designs with state zero-emission public policy initiatives, review the experience with capacity markets to date, and compare them to experience with current scarcity pricing regimes.

Learning Outcomes

  • Assess the underlying elements of capacity market design including market power implications, forward capacity procurement, and locational issues
  • Examine the experience with capacity markets and how they have performed over the past decade
  • Recognize the role of demand-side resources and renewables in capacity markets and the public policy and federal regulatory authority conflicts that are now dominating capacity market regulation changes
  • Review the economic and policy implications of scarcity pricing as an alternative to capacity markets



EUCI has been accredited as an Authorized Provider by the International Association for Continuing Education and Training (IACET).  In obtaining this accreditation, EUCI has demonstrated that it  complies with the ANSI/IACET Standard which is recognized internationally as a standard of good practice. As a result of their Authorized Provider status, EUCI is authorized to offer IACET CEUs for its programs that qualify under the ANSI/IACET Standard.

EUCI is authorized by IACET to offer 0.7 CEUs for this event.


Requirements For Successful Completion Of Program

Participants must login for the entirety of course to be eligible for continuing education credit.

Instructional Methods

Case studies and PowerPoint presentations will be used in this program.


Wednesday, July 29, 2020 – Central Time

8:30 – 9:00 am :: Log In

9:00 – 9:15 am :: Overview and Introductions

9:15 am – 5:15 pm :: Course Timing

12:00 – 1:00 pm :: Lunch Break

Short Breaks will be taken in the morning and afternoon

Role and Design of Capacity Markets

    • Why capacity markets?
    • Basic capacity market design
    • Defining capacity requirements

Fundamental Capacity Market Issues

    • Deliverability and locational requirements
    • Generation outages
    • Resource availability and energy limited resources
    • Demand response
    • Imports and exports
    • Market power monitoring and mitigation
    • Interaction with transmission expansion planning
    • Retail access
    • Accommodating the sometimes-conflicting elements of legacy generation, reliability functions and renewables mandates with market pricing mechanisms

Evolution of Capacity Market Design

    • Price collars and peak energy adjustments
    • Buyer side market power mitigation
    • Accommodating state public policy

Specific Features and Experience with North American System Operators’ Capacity Market Design

    • ISO New England (ISO-NE)
    • PJM Interconnection (PJM)
    • New York ISO (NYISO)

Scarcity Pricing Experience and Assessment vis-à-vis Capacity Markets

    • ERCOT
    • IESO
    • Economic and policy considerations of capacity markets versus scarcity pricing


Joe Cavicchi, Vice President, The Analysis Group

Joe Cavicchi is a Vice President with The Analysis Group and is based in Boston, Massachusetts.  His expertise is conducting economic analyses of US electricity markets.  In particular, he advises clients in Federal Energy Regulatory Commission matters, state regulatory proceedings, and arbitration and court proceedings.  He files testimony, affidavits and expert reports supported by economic analyses.  Mr. Cavicchi’s work focuses extensively on analyzing the U.S. wholesale electricity markets and developing an in-depth understanding of the operations of the wholesale markets.  His work involves conducting economic analyses of wholesale power markets and related regulatory policy to support a wide variety of testimony, presentations and papers. He analyzes power market designs and market power mitigation frameworks; assesses the competitive impact of mergers and acquisitions; evaluates power and fuel contract dispute analysis; assists with power procurement designs; and, oversees the application of complex analytical modeling to assess electricity system operations.  He also runs workshops and seminars on power market design features.  He has been actively involved in the electricity industry both before and after its restructuring for a total of more than 20 years.  Prior to joining The Analysis Group, Mr. Cavicchi was Executive Vice President at Compass Lexecon.  Before that he was a staff mechanical engineer and a project manager at the Massachusetts Institute of Technology, overseeing the development, permitting, engineering, construction, and start-up of a $40 million, 20 megawatt gas turbine-based cogeneration facility at the Cambridge campus.  Mr. Cavicchi holds an S.M. in technology policy from MIT, an S.M. in environmental engineering from Tufts University and a B.S. in mechanical engineering from the University of Connecticut. 

Online Delivery

We will be using Microsoft Teams to facilitate your participation in the upcoming event. You do not need to have an existing Teams account in order to participate in the broadcast – the course will play in your browser and you will have the option of using a microphone to speak with the room and ask questions, or type any questions in via the chat window and our on-line administrator will relay your question to the instructor.

  • You will receive a meeting invitation will include a link to join the meeting.
  • Separate meeting invitations will be sent for the morning and afternoon sessions of the course.
    • You will need to join the appropriate meeting at the appropriate time.
  • If you are using a microphone, please ensure that it is muted until such time as you need to ask a question.
  • The remote meeting connection will be open approximately 30 minutes before the start of the course. We encourage you to connect as early as possible in case you experience any unforeseen problems.


Please Note: This event is being conducted entirely online. All attendees will connect and attend from their computer, one connection per purchase. For details please see our FAQ

Event Standard RateAttendees
Capacity Markets: Design Fundamentals & Critical Elements - (single connection)US $ 795.00
Pack of 5 connectionsUS $ 3,575.00
Pack of 10 ConnectionsUS $ 5,965.00
For volume discounts call +1.303.770.8800 for quote
* all other discounts do not apply to license packs

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Cancellation Policy

Your registration may be transferred to a member of your organization up to 24 hours in advance of the event. Cancellations must be received on or before June 26, 2020 in order to be refunded and will be subject to a US $195.00 processing fee per registrant. No refunds will be made after this date. Cancellations received after this date will create a credit of the tuition (less processing fee) good toward any other EUCI event. This credit will be good for six months from the cancellation date. In the event of non-attendance, all registration fees will be forfeited. In case of conference cancellation, EUCIs liability is limited to refund of the event registration fee only. For more information regarding administrative policies, such as complaints and refunds, please contact our offices at 303-770-8800

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