Uniform Pricing or Pay-as-Bid Pricing: A Dilemma for California and Beyond
Any belief that a shift from uniform to as-bid pricing would provide power purchasers substantial relief from soaring prices is simply mistaken. The immediate consequence of its introduction would be a radical change in bidding behavior that would introduce new inefficiencies, weaken competition in new generation, and impede expansion of capacity.
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Volume (Year): 14 (2001)
Issue (Month): 6 (July)
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