How does the grid work? What are the barriers to making it cleaner? And who has the power to decide? Tune in each week to hear about tech, markets, and policy related to the U.S. electricity sector.

Back On The Grid
Claim This Podcastby Nick Sorokin
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Podcast Overview
How does the grid work? What are the barriers to making it cleaner? And who has the power to decide? Tune in each week to hear about tech, markets, and policy related to the U.S. electricity sector.
Language
🇺🇲
Publishing Since
3/20/2023
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Recent Episodes

October 27, 2025
PJM Is Dead
<p>PJM is dead. Long live PJM. If you already know about capacity markets, skip to the secret ending at 26:15. Otherwise, hope you enjoy the episode! And to future me listening back - remember VRR curve for demand.</p><p>Timestamps:</p><ul><li>00:00-Intro</li><li>02:00-Hello and Goodbye</li><li>03:10-Fundamentals Start Here</li><li>05:10-Restructuring the Market</li></ul><ul><li>06:15-Basic NERC Reliability Standard</li><li>07:15-Market Power and Price Caps</li><li>10:00-Probability of Reliable Capacity (ICAP, ELCC, UCAP)</li><li>12:00-Balancing payment with penalties</li><li>13:00-Data Centers</li><li>17:45-Renewables and Capacity</li><li>18:00-Epilogue</li><li>22:40-Complications in Responsibility</li><li>24:00-PJM IS DEAD, Long Live PJM</li><li>25:10-Capacity Markets are All Made Up</li><li>26:15-Secret ending</li></ul><p><br></p><p>Suggested reading:</p><ul><li><a href="https://www.monitoringanalytics.com/reports/Reports/2025/IMM_Analysis_of_the_20262027_RPM_Base_Residual_Auction_Part_A_20251001.pdf" target="_blank" rel="noopener noreferer">Analysis of the 2026/2027 RPM Base Residual Auction</a> (October, 2025)</li></ul><p><br></p><p>For reliability standards - look up EUE; LOLH; and LOLE all coming together for risk. Bidding rules - look up MOPR for old utilities that owned a lot of generation but had a ton of customer demand, so they underbid their capacity to distort the price and save money on consumer purchases. For accreditation - look up EFORd and ELCC will probably be changed in the future, so check out slice of day vs seasonal vs marginal and so on.</p>

May 8, 2025
Electricity Sector Changes since 2016
<p><strong>Nuclear fusion, space-based solar, and other cool changes are on the horizon. But what has stayed the same over the past decade? </strong>This short reflection is the last episode of the show before I graduate with my masters focused on the electric power industry. </p><p><strong>Timestamps:</strong></p><ul><li>0:00-Intro</li><li>00:30-Nuclear Fusion vs SMRs</li><li>01:30-Natural Hydrogen</li><li>02:15-Solar Power From Space</li><li>03:50-Selling Electricity Directly to your Neighbors</li><li>05:30-AI challenges are new but also old</li><li>07:30-Transmission</li><li>08:15-Markets and Resilience</li><li>09:15-Concluding Thoughts</li><li>11:00-Secret Hidden Extras</li></ul><p><br /></p><p>Let me know how the electricity sector has changed since you started following/working/studying the sector. Episode comments are enabled on Spotify or find me on Twitter or Bluesky at https://bsky.app/profile/backonthegrid.bsky.social </p><p><br /></p><p><strong>Extras referenced at the end:</strong></p><ul><li><a href="https://dukespace.lib.duke.edu/items/f7bbcbf7-4599-4a72-aa00-6a4883260331 " rel="ugc noopener noreferrer" target="_blank">My paper on a small part of PJM’s Capacity Market</a></li><li><a href="https://github.com/climatetracecoalition/methodology-documents/blob/main/2024/Buildings/Building%20Sector%20Methodology%20draft2024.docx.pdf" rel="ugc noopener noreferrer" target="_blank">Building Energy Paper</a></li></ul>

October 26, 2024
EPSA Lawsuit and Demand Response Market Manipulation
<p>Is Demand Response a wholesale electricity sale? Not really under the FPA. But should it allowed to bid into wholesale markets? This week we'll explore EPSA, a supreme court case that decided federal authority over DR participating in wholesale electricity markets.</p> <p>Background to start, but for juicy parts on EPSA, skip to Scalia's dissent around 5 mins into this episode. Market manipulation discussed at 14 mins. Bigger summary at 16:30. Timestamps below.</p> <p>Topics covered include: legal no man's land for fed vs state authority, should DR receive full LMP, and how can companies manipulate their demand response payments? Also covers FERC Orders 719 and 745.</p> <p>Timestamps:</p> <ul> <li>00:00-Intro</li> <li>03:00-Wholesale Markets as Drug Dealers</li> <li>04:30-Who is EPSA?</li> <li>5:00-EPSA Dissent from Scalia</li> <li>07:25-Legal Precedents</li> <li>12:15-EPSA Summary</li> <li>12:50-LMP minus G (doesn't make sense!)</li> <li>14:00-DR Market Manipulation Example</li> <li>16:30-Wholesale DR the last 20 Years</li> </ul> <p>Sources:</p> <ol> <li>Demand Response Market Manipulation Case in MISO (2024): <a href="https://www.utilitydive.com/news/nipsco-linde-ferc-miso-demand-response-settlement/703888/" rel="ugc noopener noreferrer" target="_blank">https://www.utilitydive.com/news/nipsco-linde-ferc-miso-demand-response-settlement/703888/</a></li> <li>EPSA Supreme Court Case full PDF (2016) <a href="https://supreme.justia.com/cases/federal/us/577/14-840/case.pdf" rel="ugc noopener noreferrer" target="_blank">https://supreme.justia.com/cases/federal/us/577/14-840/case.pdf</a></li> <li>Shoutout to the random bus that drove by during the opening seconds of my intro</li> </ol>
15 total episodes available
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- What is Back On The Grid?
- How often does this podcast release new episodes?
This podcast updates weekly.
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This podcast is available on 4 platforms including Apple Podcasts, Spotify, and more. You can also use the RSS feed directly.
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Yes, this podcast regularly features guests.
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