Electricity Market Design: The Good, the Bad, and the Ugl

@inproceedings{Cramton2003ElectricityMD,
  title={Electricity Market Design: The Good, the Bad, and the Ugl},
  author={Peter Cramton},
  booktitle={HICSS},
  year={2003}
}
This paper examines principles of market design as applied to electricity markets. I illustrate the principles with examples of both good and bad designs. I discuss one of the main design challenges—dealing with market power. I then discuss FERC’s choice of a standard market design. 

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