Abstract
Any belief that a shift from uniform to as-bid pricing would provide power purchasers substantial relief from soaring prices is simply mistaken. The immediate consequence of its introduction would be a radical change in bidding behavior that would introduce new inefficiencies, weaken competition in new generation, and impede expansion in capacity.
Original language | English (US) |
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Pages (from-to) | 70-79 |
Number of pages | 10 |
Journal | Electricity Journal |
Volume | 14 |
Issue number | 6 |
DOIs | |
State | Published - Jul 2001 |
ASJC Scopus subject areas
- Energy (miscellaneous)
- Law
- Management of Technology and Innovation
- Business and International Management