Hot Topics in European Electricity: What Is Relevant and What Isn’t?

✍ Scribed by Graham Shuttleworth

• Publisher: Elsevier Science
• Year: 2002
• Tongue: English
• Weight: 663 KB
• Volume: 15
• Category: Article
• ISSN: 1040-6190
• DOI: 10.1016/s1040-6190(02)00365-2

✦ Synopsis

What Is Relevant and What Isn't?

The choice between market-clearing and pay-as-bid pricing rules consumed a lot of time and effort during the discussion of the New Electricity Trading Arrangements in the U.K., and yet the debate proved rather uninformative in the end. In practice, there is little evidence to suggest that the choice of pricing rule has any major impact on overall price levels.