Markets for Power in the United States : An Interim Assessment *

@inproceedings{Joskow2004MarketsFP,
  title={Markets for Power in the United States : An Interim Assessment *},
  author={Paul L. Joskow},
  year={2004}
}
1. Of course, wholesale power markets in which proximate vertically integrated utilities traded power on a daily and hourly basis subject to very limited regulation, have existed in the U.S. for many years. In addition, during the 1980s the Public Utility Regulatory Policy Act (PURPA) of 1978 stimulated the development of a non-utility power sector selling… CONTINUE READING

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