Uniform Pricing or Pay-as-Bid Pricing: A Dilemma for California and Beyond

@inproceedings{Cramton2001UniformPO,
  title={Uniform Pricing or Pay-as-Bid Pricing: A Dilemma for California and Beyond},
  author={Peter Cramton and Alfred E. Kahn and Robert H. Porter and Richard D. Tabors},
  year={2001}
}
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. n November 2000, the California Power Exchange appointed a panel to investigate " whether the current rules for determining the market price in the… CONTINUE READING
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A Quantitative Analysis of Pricing Behavior In California’s Wholesale Electricity Market During Summer

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Uniform Pricing Facilitates Collusion: The Case of Electricity Markets , occasional paper, European Univ. Institute, for submission to California Power Exchange Blue Ribbon Panel, Oct

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