Peter Cramton

    Peter Cramton

    Professor of Economics
    University of Maryland


    Peter Cramton, a professor of Economics at the University of Maryland, has a broad range of experience in the energy and financial arenas.

    Dr. Cramton has played a lead role in the design and implementation of electricity and gas auctions in North America, South America and Europe. In addition to his role at the University of Maryland, he chairs Market Design Inc., an economics consultancy that focuses on the design of auction and matching markets.

    For more than 30 years, Dr. Cramton’s research on auction theory and practice has focused primarily on the design of auctions. This research includes energy, spectrum and financial auctions and appears in leading economics journals. Dr. Cramton has advised 12 governments and 36 bidders in spectrum auctions, and he co-invented the spectrum auction design used in Canada, Australia and many European countries.

    Dr. Cramton received his B.S. in Engineering from Cornell University in 1980 and his Ph.D. in Business from Stanford University in 1984. He joined the ERCOT Board of Directors in October 2015.