The New York Transmission Congestion Contract Market: Is It Truly Working Efficiently?
نویسندگان
چکیده
منابع مشابه
Why do transmission congestion contract auctions cost ratepayers money? Evidence from New York
Transmission congestion contracts are derivative products that pay the holder a future electricity price difference between two locations. The availability of a variety of locations specified in these derivatives can benefit electricity retailers and generators, allowing them to effectively buy or sell electricity at any locational price. However, these derivatives have proven controversial bec...
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The physical nature of electricity generation and delivery creates special problems for the design of efficient markets, notably the need to manage delivery in real time and the volatile congestion and associated costs that result. Proposals for the operation of the deregulated electricity industry tend towards one of two paradigms: centralized and decentralized. Transmission congestion managem...
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ژورنال
عنوان ژورنال: The Electricity Journal
سال: 2003
ISSN: 1040-6190
DOI: 10.1016/j.tej.2003.09.006