Title :
Electricity market design: the good, the bad, and the ugly
Author_Institution :
Maryland Univ., Baltimore, MD, USA
Abstract :
This paper examines principles of market design as applied to electricity markets. The author illustrates the principles with examples of both good and bad designs. The author discusses one of the main design challenges - dealing with market power. The author then discusses FERC´s choice of a standard market design.
Keywords :
power markets; power system economics; electricity market design; market power; standard market design; Airplanes; Communication industry; Costs; Electricity supply industry; Energy capture; Energy consumption; Forward contracts; Load management; Packaging; Resource management;
Conference_Titel :
System Sciences, 2003. Proceedings of the 36th Annual Hawaii International Conference on
Print_ISBN :
0-7695-1874-5
DOI :
10.1109/HICSS.2003.1173866
