Title of article
If Pay-as-Bid Auctions Are Not a Solution for California, then Why Not a Reliability Market?
Author/Authors
Carlos Vazquez، نويسنده , , Michel Rivier، نويسنده , , Ignacio J. Perez-Arriaga، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2001
Pages
8
From page
41
To page
48
Abstract
Pay-as-bid auctions are inefficient and in the long run may exacerbate market power problems. An alternative is an organized market in which the authority buys standardized financial call options on behalf of the demand base.
Journal title
The Electricity Journal
Serial Year
2001
Journal title
The Electricity Journal
Record number
432732
Link To Document