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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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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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File URL: http://www.cramton.umd.edu/papers1995-1999/99ej-role-of-the-iso-in-us-electricity-markets.pdf
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Bibliographic Info

Paper provided by University of Maryland, Department of Economics - Peter Cramton in its series Papers of Peter Cramton with number 99ej.

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Length: 11 pages
Date of creation: 01 Apr 1999
Date of revision: 01 Apr 1999
Publication status: Published in Electricity Journal, 12:4, April 1999, pages 71-81.
Handle: RePEc:pcc:pccumd:99ej

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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

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Keywords: Auctions; Electicity Restructuring;

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Cited by:
  1. Sandro Sapio, 2004. "Markets Design, Bidding Rules, and Long Memory in Electricity Prices," Revue d'Économie Industrielle, Programme National Persée, vol. 107(1), pages 151-170.
  2. Arciniegas, Ismael & Barrett, Chris & Marathe, Achla, 2003. "Assessing the efficiency of US electricity markets," Utilities Policy, Elsevier, vol. 11(2), pages 75-86, June.
  3. Natalia Fabra & Nils‐Henrik Fehr & David Harbord, 2006. "Designing electricity auctions," RAND Journal of Economics, RAND Corporation, vol. 37(1), pages 23-46, 03.
  4. repec:idb:brikps:47878 is not listed on IDEAS

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