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Default Service Auctions

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Author Info
Colin Loxley ()
David Salant ()

Additional information is available for the following registered author(s):

Abstract

In February 2002, New Jersey completed a market process whereby the utilities were able to purchase one-year forward contracts to ensure energy needs for their default service customers for a one-year period. The auction was the first application of the simultaneous descending clock auction to power procurement. We chose this auction format to fit the specific needs of the New Jersey Electric Discount and Energy Competition Act and the New Jersey Board of Public Utilities mandate for a competitive bidding process to procure the electricity to meet the electric utilities' default service obligations.

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File URL: http://journals.kluweronline.com/issn/0922-680X/contents
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Publisher Info
Article provided by Springer in its journal Journal of Regulatory Economics.

Volume (Year): 26 (2004)
Issue (Month): 2 (09)
Pages: 201-229
Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Handle: RePEc:kap:regeco:v:26:y:2004:i:2:p:201-229

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Web page: http://www.springerlink.com/link.asp?id=100298

For technical questions regarding this item, or to correct its listing, contact: (Christopher F. Baum).

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  1. Damianov, Damian S. & Oechssler, Jörg & Becker, Johannes Gerd, 2007. "Uniform vs. Discriminatory Auctions with Variable Supply - Experimental Evidence," Sonderforschungsbereich 504 Publications 07-68, Sonderforschungsbereich 504, Universität Mannheim & Sonderforschungsbereich 504, University of Mannheim. [Downloadable!]
    Other versions:
  2. de Frutos, Maria-Angeles & Fabra, Natalia, 2008. "On the Impact of Forward Contract Obligations in Multi-Unit Auctions," CEPR Discussion Papers 6756, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
  3. James Bushnell, 2007. "Oligopoly equilibria in electricity contract markets," Journal of Regulatory Economics, Springer, vol. 32(3), pages 225-245, December. [Downloadable!] (restricted)
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This page was last updated on 2009-12-4.

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