Using Auctions to Divest Generation Assets
In most states, ratepayers will compensate utilities for their stranded costs. As a result, these costs must be measured as accurately as possible, in a manner that is easily understood by all concerned parties. We describe the options for measuring stranded costs and argue that a simultaneous ascending auction is the best approach.
|Date of creation:||1997|
|Date of revision:||09 Jun 1998|
|Publication status:||Published in Electricity Journal, 10:10, December 1997, pages 22-31.|
|Contact details of provider:|| Postal: Economics Department, University of Maryland, College Park, MD 20742-7211|
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