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

doi:10.1016/S1040-6190(01)00216-0

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

Economics

Research output: Contribution to journal › Article › peer-review

82 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 language	English (US)
Pages (from-to)	70-79
Number of pages	10
Journal	Electricity Journal
Volume	14
Issue number	6
DOIs	https://doi.org/10.1016/S1040-6190(01)00216-0
State	Published - Jul 2001

ASJC Scopus subject areas

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

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Cite this

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title = "Uniform pricing or pay-as-bid pricing: A dilemma for california and beyond",

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.",

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

Abstract

ASJC Scopus subject areas

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