Professor Ignacio J. Pérez-Arriaga holds a PhD and Master’s Degree in Electrical Engineering from MIT, and a Bachelor in Electrical Engineer from the Universidad Pontificia Comillas in Madrid, Spain. He is Professor of Electrical Engineering at Comillas University, and founded its Institute for Research in Technology, which he headed for 11 years. He has also been Vice Rector for Research at Comillas, and currently holds the BP Chair on Sustainable Development. Dr Pérez-Arriaga served for 5 years as Commissioner at the Spanish Electricity Regulatory Commission, and since November 2007 he has been an Independent Member of the Single Electricity Market Committee of Ireland. He is also a member of the Board of Appeal of the Agency for the Coordination of Energy Regulators (ACER). He has worked in power system dynamic analysis, monitoring and diagnosis of power system devices and systems, intelligent computer design of industrial systems, planning and operation of electric generation and networks, regulation and restructuring of the power industry, and sustainability of national and global energy models. He has been a consultant for governmental agencies and electric utilities in more than 30 countries. He is a permanent visiting professor at MIT since 2008, at the Center for Energy and Environmental Policy Research (CEEPR), where he teaches a graduate course on power system regulation, engineering and economics.