Title :
The next generation of market design
Author_Institution :
FERC, Washington, DC
Abstract :
Summary form only given. This paper addresses the possibilities for next generation of market designs. The focus is on market designs that deal with the physical realities of the market, price all scarce resources, assure revenue adequacy and reliability, mitigate market power and take advantage of recent hardware and software advances
Keywords :
power markets; power system reliability; pricing; market design; market power; resources price; revenue adequacy; revenue reliability; Computer science; Economic forecasting; Information analysis; Mathematics; Operations research; Petroleum; Power generation economics; Power system analysis computing; Power system economics; Power system modeling;
Conference_Titel :
Power Engineering Society General Meeting, 2006. IEEE
Conference_Location :
Montreal, Que.
Print_ISBN :
1-4244-0493-2
DOI :
10.1109/PES.2006.1709507
