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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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Author Info
Lisa Cameron ()
Peter Cramton () (Economics Department, University of Maryland)

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

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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Publisher 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

For technical questions regarding this item, or to correct its listing, contact: (Peter Cramton).

Related research
Keywords: Auctions Electicity Restructuring

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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  1. 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. [Downloadable!]
  2. Natalia Fabra & Nils-Henrik von der Fehr & David Harbord, 2002. "Designing Electricity Auctions," Microeconomics 0211017, EconWPA, revised 31 Aug 2003. [Downloadable!]
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