In most states, ratepayers will compensate utilities for their stranded costs. As a result, these costs must be measured as accurately as possible, in a manner that is easily understood by all concerned parties. We describe the options for measuring stranded costs and argue that a simultaneous ascending auction is the best approach.
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Paper provided by University of Maryland, Department of Economics - Peter Cramton in its series Papers of Peter Cramton with number
97elec.
Length: 10 pages Date of creation: 1997 Date of revision:
09 Jun 1998 Publication status: Published in Electricity Journal, 10:10, December 1997, pages 22-31. Handle: RePEc:pcc:pccumd:97elec
Contact details of provider: Postal: Economics Department, University of Maryland, College Park, MD 20742-7211 Phone: (202) 318-0520 Fax: (202) 318-0520 Web page: http://www.cramton.umd.edu
For technical questions regarding this item, or to correct its listing, contact: (Peter Cramton).
Find related papers by JEL classification: D44 - Microeconomics - - Market Structure and Pricing - - - Auctions L97 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Utilities: General L94 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Electric Utilities
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