✦ LIBER ✦

Uniform Pricing or Pay-as-Bid Pricing: A Dilemma for California and Beyond

✍ Scribed by Alfred E. Kahn; Peter C. Cramton; Robert H. Porter; Richard D. Tabors

Book ID: 104373753
Publisher: Elsevier Science
Year: 2001
Tongue: English
Weight: 710 KB
Volume: 14
Category: Article
ISSN: 1040-6190
DOI: 10.1016/s1040-6190(01)00216-0

No coin nor oath required. For personal study only.

✦ Synopsis

Any belief that a shift from uniform to as-bid pricing would provide power purchasers substantial relief from soaring prices is simply mistaken. The immediate consequence of its introduction would be a radical change in bidding behavior that would introduce new inefficiencies, weaken competition in new generation, and impede expansion in capacity.

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