Abstract

Proponents of free markets for electricity assert that minor fixes to the California market and to FERC's proposed Standard Market Design would generate lower prices. We disagree. Designing a competitive market that remedies the problems seen in California and other restructured markets is difficult; emulating even good ISOs like PJM will not do the job. Each one of the problems can be overcome, but the costs of doing so might make full deregulation unattractive.

Original languageEnglish (US)
Pages (from-to)11-26
Number of pages16
JournalElectricity Journal
Volume17
Issue number8
DOIs
StatePublished - Jan 1 2004

Fingerprint

Deregulation
Electricity
Costs
Competitive market
Market design
Remedies
Free market

All Science Journal Classification (ASJC) codes

  • Business and International Management
  • Energy (miscellaneous)
  • Management of Technology and Innovation

Cite this

Lave, Lester B. ; Apt, Jay ; Blumsack, Seth Adam. / Rethinking electricity deregulation. In: Electricity Journal. 2004 ; Vol. 17, No. 8. pp. 11-26.
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Rethinking electricity deregulation. / Lave, Lester B.; Apt, Jay; Blumsack, Seth Adam.

In: Electricity Journal, Vol. 17, No. 8, 01.01.2004, p. 11-26.

Research output: Contribution to journalArticle

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