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✦   LIBER   ✦

Control of Market Power in Electricity Auctions

✍ Scribed by Michael H. Rothkopf

Publisher
Elsevier Science
Year
2002
Tongue
English
Weight
417 KB
Volume
15
Category
Article
ISSN
1040-6190

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✦ Synopsis

Control of Market Power in Electricity Auctions

In auction spot markets, suppliers with a relatively small percentage of total capacity have been able to exercise extreme market power during high-demand periods. One remedy is a system that prevents suppliers with the capacity and incentive for exercising such unilateral power from having any role in setting the marketclearing price.

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