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Scarcity, Market Power, and Price Caps in Wholesale Electric Power Markets

โœ Scribed by James F. Wilson

Publisher
Elsevier Science
Year
2000
Tongue
English
Weight
387 KB
Volume
13
Category
Article
ISSN
1040-6190

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โœฆ Synopsis

Scarcity, Market Power, and Price Caps in Wholesale Electric Power Markets

Measures to limit the market power that can occur during hours of tight supply may be warranted, but designing them requires distinguishing market power from scarcity and other causal factors. The difficulty of making such distinctions, and concerns over the potential negative consequences of market intervention, have led independent system operators and FERC to adopt a cautious approach.

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