Ari Peskoe talks to Jacob Mays about capacity markets. Jacob explains why regional power markets adopted capacity markets and outlines his research on the connection between risk and power plant operating and capital costs. Jacob and his colleagues published a paper on this topic entitled Asymmetric Risk and Fuel Neutrality in Capacity Markets - https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3330932

Transcript available here https://eelp.law.harvard.edu/wp-content/uploads/2025/05/CleanLaw-19-Ari-Jacob-Capacity-Markets.pdf