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Auction Design for Standard Offer Service

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Abstract

During the transition to a competitive electricity market, when a consumer does not select an electricity provider, who provides service to the customer and at what price? An auction for this "standard offer service" is a market-based way to assign the service responsibility and to determine its price. We explore the design issues in establishing rules for such an auction.

Suggested Citation

  • Peter Cramton & Andrew Parece & Robert Wilson, 1997. "Auction Design for Standard Offer Service," Papers of Peter Cramton 97wpad, University of Maryland, Department of Economics - Peter Cramton, revised 26 Sep 1997.
    • Handle: RePEc:pcc:pccumd:97wpad
    Note: Working Paper
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    File URL: https://www.cramton.umd.edu/papers1995-1999/97wp-auction-design-for-standard-offer-service.pdf
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    Citations

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    Cited by:

    1. Lawrence M. Ausubel & Peter Cramton & Paul Milgrom, 2012. "System and Method for a Hybrid Clock and Proxy Auction," Papers of Peter Cramton 10acmhc, University of Maryland, Department of Economics - Peter Cramton, revised 2012.
    2. Lawrence M. Ausubel & Peter Cramton & Wynne P. Jones, 2012. "System and Method for an Auction of Multiple Types of Items," Papers of Peter Cramton 11acjam, University of Maryland, Department of Economics - Peter Cramton, revised 2012.

    More about this item

    Keywords

    Auctions; Pricing; Electric Utilities;
    All these keywords.

    JEL classification:

    • D44 - Microeconomics - - Market Structure, Pricing, and Design - - - Auctions
    • L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
    • L94 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Electric Utilities

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