Jones Seminar: How the Platform Revolution Might Reshape the Electric Power Industry

Geoffrey Parker, Professor of Engineering & MEM Director, Thayer School of Engineering at Dartmouth

Friday, October 7, 2016, 3:30–4:30pm

Spanos Auditorium, Cummings Hall

The electric power industry is on the cusp of dramatic change resulting from an explosion of data, ubiquitous network connectivity, falling prices for non-traditional assets, and widespread spare capacity in need of markets. We describe the design of a new, distribution level market for energy and related electric products from Distributed Energy Resources (DER) and a regional digital "Platform" to animate and facilitate the financial transactions in that market. We draw on examples from work performed for The New York State Department of Public Service and the New York State Energy Research and Development Authority in support of the New York Reforming the Energy Vision (REV) initiative. We describe the forces driving change in other industries and then develop the rationale for establishing a new market structure, explain how the establishment of a digital platform would support the operation of the market, and describe the steps required to implement a Platform and Platform Market for electric power.

About the Speaker

Geoffrey Parker, Professor of Engineering and Director of the MEM Program at Thayer School is an expert in network economics, strategy and was co-developer of the theory of "two-sided" markets. Previously, Geoff Parker was both a professor of management science at Tulane University in the AB Freeman School of Business and a research scientist at the MIT Sloan School’s Center for Digital Business. He was the director of the Tulane Energy Institute and is a member of the GE Africa Learning Advisory Board. He has served as a panelist for the National Science Foundation, senior editor for the journal Production and Operations Management, associate editor for the journal Management Science, and ad-hoc associate editor for MIS Quarterly and Information Systems Research.

Parker received a BS in electrical engineering and computer science from Princeton and an MS in electrical engineering (Technology and Policy Program) and PhD in management science from MIT. He has worked with numerous firms, including as AT&T, Cellular South, ExxonMobil, GE, IBM, International Postal Corporation, Microsoft, SAP, Thomson Reuters, and the USPS. His current research includes studies of distributed innovation, business platform strategy, and platforms to integrate intermittent energy.

For more information, contact Jessica Widdicombe at jessica.c.widdicombe@dartmouth.edu.