Competitive Electricity Market Design : a Wholesale

  title={Competitive Electricity Market Design : a Wholesale},
  author={William W. Hogan},
A short-term electricity market coordinated by a system operator provides a foundation for a competitive electricity market. Combined with long-term contracts for generation and transmission congestion, the spot-market and competitive market pricing can support open access to the transmission grid. INTRODUCTION Electricity market restructuring emphasizes the potential for competition in generation and retail services, with operation of transmission and distribution wires as a monopoly. Network… CONTINUE READING
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