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The report identifies a 'planning gap' in deregulated U.S. power markets where short-term wholesale price signals and Clean Electricity Standards (CES) fail to incentivize long-lead time, capital-intensive technologies like nuclear, geothermal, and long-duration energy storage. To address this, the authors propose a 'hybrid market' approach called state-led planning, which consists of three core components: system needs assessments, technology development roadmaps, and state-led procurement. This framework allows states to provide the long-term revenue certainty required by investors while maintaining the operational efficiencies of competitive wholesale markets. The report highlights Illinois's Clean and Reliable Grid Affordability Act as a primary example of this approach in practice and discusses the role of FERC Order 1920 in improving regional transmission planning.

The report argues that Colombia's electrical framework is outdated, designed for a hydro-thermal system and creating barriers to the integration of solar and wind energy. It proposes a structural shift toward a 'energy plus attributes' model, where systemic services like inertia and voltage control are explicitly valued. Key recommendations include reforming the reliability charge (Cargo por Confiabilidad), optimizing transmission capacity allocation to prevent 'hoarding', and transitioning to a more proactive planning role for the UPME. Technical evidence suggests Colombia could operate with over 95% renewable energy by 2038 if these regulatory and market bottlenecks are resolved.

The report argues for a 'hybrid market model' in Europe that combines proactive procurement for the market with competition in the market to ensure a reliable, 24/7 decarbonised power system. It identifies significant gaps in current National Energy and Climate Plans (NECPs), noting that many Member States are not on track to meet 2030 EU targets. To address this, the authors recommend expanding system needs assessments to include flexibility and resilience (including climate and cyber risks) and extending their time horizon to 2050. On the contracting side, the report suggests enhancing Power Purchase Agreements (PPAs) through standardisation and public demand, and improving Contracts for Difference (CfDs) by embedding dispatch incentives to avoid distorting market signals. It also proposes a tripartite contracting framework involving a central public entity to hedge risks for both the state and industrial consumers, thereby fostering industrial electrification and competitiveness.

The report examines the role of carbon-free energy in the PJM market and evaluates two proposed market designs—the Forward Clean Energy Market and the Integrated Clean Capacity Market—to improve the integration of clean resources. It argues that accurately accounting for the capacity value of clean energy reduces costs and emissions, and suggests that a regional, standardized clean energy procurement process could accelerate the retirement of fossil assets and the deployment of clean energy.

The paper argues that current wholesale electricity markets, designed for large fuel-burning plants with high production costs, are ill-equipped for a future dominated by wind, solar, and storage, which have near-zero production costs and different operational characteristics. It identifies a disconnect between federal wholesale rates and state retail rates as a barrier to demand-side flexibility. The authors propose ten principles for modern markets—including technology neutrality, grid reliability, and long-run efficiency—and outline two emerging pathways for reform: a "Robust Spot Market" approach focusing on decentralized bilateral contracting, and a "Long-Term Plus Short-Term Markets" approach utilizing a centralized forward market.