✦ LIBER ✦
The Adequacy of Prospective Returns on Generation Investments under Price Control Mechanisms
✍ Scribed by Alfred E. Kahn
- Book ID
- 104373815
- Publisher
- Elsevier Science
- Year
- 2002
- Tongue
- English
- Weight
- 495 KB
- Volume
- 15
- Category
- Article
- ISSN
- 1040-6190
No coin nor oath required. For personal study only.
✦ Synopsis
The absence of an effective demand response mechanism, combined with episodic supply de®ciencies, recently led the author to endorse a joint letter to the Federal Energy Regulatory Commission supporting price caps on a limited and temporary basis. But by far the preferable solution is to establish the conditions necessary for an elastic demand response to shortages, allowing us to shift our reliance back from the arti®cial constructs of reserve requirements and capacity markets.