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The Role of the ISO in U.S. Electricity Markets: A Review of Restructuring in California and PJM

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  • Cameron, Lisa
  • Cramton, Peter

Abstract

Despite their design differences, both the California and the Pennsylvania-New Jersey-Maryland markets provide explicit roles for competition in the scheduling functions while allowing the ISO to manage the spot market. Experience has shown that both can work.

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Bibliographic Info

Article provided by Elsevier in its journal The Electricity Journal.

Volume (Year): 12 (1999)
Issue (Month): 3 (April)
Pages: 71-81

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Handle: RePEc:eee:jelect:v:12:y:1999:i:3:p:71-81

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Cited by:
  1. Arciniegas, Ismael & Barrett, Chris & Marathe, Achla, 2003. "Assessing the efficiency of US electricity markets," Utilities Policy, Elsevier, vol. 11(2), pages 75-86, June.
  2. Sandro Sapio, 2004. "Market Design, Bidding Rules, and Long Memory in Electricity Prices," LEM Papers Series 2004/07, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
  3. Natalia Fabra & Nils-Henrik von der Fehr & David Harbord, 2002. "Designing Electricity Auctions," Microeconomics 0211017, EconWPA, revised 31 Aug 2003.

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