Peter Cramton believes he has a good idea to improve electricity markets

Peter Cramton contends that the forward energy market, as presented in Cramton, Peter; Brandkamp, Simon; Chao, Hung-po; Dark, Jason; Hoy, Darrell; Kyle, Albert S. et al. (2025): A Forward Energy Market to Improve Reliability and Resiliency, is a sound proposal to improve competition and innovation in today's restructured electricity markets. cramton.umd.ed.... He believes it is an excellent approach to achieving resource adequacy and improving resiliency in response to the challenges of the energy transition.
He will pay $1000 to the first person who identifies a significant weakness in the forward energy market approach, assuming 1) the market participants attempt to make decisions to maximize their happiness and are often successful, 2) the system operators attempt to conduct transparent and efficient markets consistent with their mission and are somewhat success, and 3) the regulators seek to adopt regulatory rules that benefit the public by promoting competitive and efficient electricity markets and are occasionally successful.
Please post your ideas in the comments section of this post. He will review them and send a check for $1000 to the first person who finds a significant flaw. Peter will ask a noted electricity market design expert to determine when a significant weakness is identified. He is certain there is a weakness but needs some help finding it. Many thanks to those who try.