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Using forward markets to improve electricity market design     Forward market  Capacity market       font style='font-size:12px;'> 2015/9/18
Spot market power is mitigated by putting suppliers and demanders in a more balanced position at the time of the spot market. The markets also reduce transaction costs and improve liquidity and tran...
Electricity Market Design: The Good, the Bad, and the Ugly     Electricity Market  Ugly       font style='font-size:12px;'> 2015/9/18
This paper examines principles of market design as applied to electricity markets. I illustrate the principles with examples of both good and bad designs. I discuss one of the main design challe...
In mid-November, this Panel was constituted to investigate “whether the current rules for determining the market price in the California Power Exchange Day-Ahead market results in a fair and effic...
With risk neutral traders and zero transactions costs, the expected value of the di erence between the current forward price and the spot price of a commodity at the delivery date of the forward con...
This paper compares the long-run generator revenues implications of a capacity payment mechanism relative to an energy-only market mechanism for the Chilean wholesale electricity supply industry...
The authors ran a game-based simulation of an electricity market with both an RPS and a cap-and-trade market for greenhouse gas emissions allowances. High renewable energy shares reduced and shifte...
The authors ran a game-based simulation of an electricity market with both an RPS and a cap-and-trade market for greenhouse gas emissions allowances. High renewable energy shares reduced and shifte...
This paper provides a prospective and retrospective quantitative assessment of the impact of a passive vertical integration between a large electricity retailer and a large electricity generator i...
In electricity, ‘‘downstream’’ CO2 regulation requires retail suppliers to buy energy from a mix of sources so that their weighted emissions satisfy a standard. It has been argued that such ‘‘load-ba...
This paper argues that many determinants of generic oligopoly market outcomes can be studied in bidbased wholesale electricity markets under much weaker assumptions than in other oligopoly industries ...
This paper quantifies the economic benefits associated with the introduction of greater spatial granularity in short-term pricing in the California wholesale electricity market. On April 1, 2009...
Transmission expansions can increase the extent of competition faced by wholesale electricity suppliers with the ability to exercise unilateral market power. This can cause them to submit offer curv...
The Market Surveillance Committee’s December 1, 2000 “Analysis of ‘Order Proposing Remedies for California Wholesale Electricity Markets (Issued November 1, 2000)’,” concluded that the “Proposed Ord...
In its December 15, 2000 Report of the California electricity industry, the Federal Energy Regulatory Commission (FERC) stated that electricity prices in California during the summer and autumn of 2...
All wholesale electricity markets currently operating in the United States are unlikely to yield significant consumer benefits relative to the former vertically-integrated monopoly regime because of...

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