Uniform pricing or pay-as-bid pricing: A dilemma for california and beyond

Alfred E. Kahn*, Peter C. Cramton, Robert H. Porter, Richard D. Tabors

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

74 Scopus citations

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 languageEnglish (US)
Pages (from-to)70-79
Number of pages10
JournalElectricity Journal
Volume14
Issue number6
DOIs
StatePublished - Jul 2001

ASJC Scopus subject areas

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

Fingerprint Dive into the research topics of 'Uniform pricing or pay-as-bid pricing: A dilemma for california and beyond'. Together they form a unique fingerprint.

Cite this