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Trouble in Market Paradise: Development of the Regional Transmission Operator

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  • Kenneth Rose

Abstract

Regional transmission organizations (RTOs) have evolved from “power pool” arrangements between utilities to complex organizations that operate a region’s transmission system and power markets. These RTOs are administered with only peripheral public input. This paper reflects on how RTOs, as a result, have developed very complex market structures that few can or do understand. An RTO’s capacity construct is used to illustrate the point of this complexity and ad hoc nature. The paper also discusses reforms that are needed to align the RTOs behavior with Harry M. Trebing’s public interest regulatory philosophy.

Suggested Citation

  • Kenneth Rose, 2016. "Trouble in Market Paradise: Development of the Regional Transmission Operator," Journal of Economic Issues, Taylor & Francis Journals, vol. 50(2), pages 535-541, April.
    • Handle: RePEc:mes:jeciss:v:50:y:2016:i:2:p:535-541
    DOI: 10.1080/00213624.2016.1179061
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