DocumentCode
389104
Title
Electricity market design: the good, the bad, and the ugly
Author
Cramton, Peter
Author_Institution
Maryland Univ., Baltimore, MD, USA
fYear
2003
fDate
6-9 Jan. 2003
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;
fLanguage
English
Publisher
ieee
Conference_Titel
System Sciences, 2003. Proceedings of the 36th Annual Hawaii International Conference on
Print_ISBN
0-7695-1874-5
Type
conf
DOI
10.1109/HICSS.2003.1173866
Filename
1173866
Link To Document