The Role of the ISO in U.S. Electricity Markets: A Review of Restructuring in California and PJM
AbstractDespite 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 InfoPaper provided by University of Maryland, Department of Economics - Peter Cramton in its series Papers of Peter Cramton with number 99ej.
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.
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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
Auctions; Electicity Restructuring;
Other versions of this item:
- Cameron, Lisa & Cramton, Peter, 1999. "The Role of the ISO in U.S. Electricity Markets: A Review of Restructuring in California and PJM," The Electricity Journal, Elsevier, vol. 12(3), pages 71-81, April.
- 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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