Unbundling the electric capacity price in a deregulated commodity market
Journal Article
·
· Fortnightly
OSTI ID:232042
- ICF Resources, Fairfax, VA (United States)
In a deregulated, unbundled market, capacity has value separate from energy. The exact price will reflect the cost of a gas-fired combustion turbine. Energy values alone will not suffice to estimate the firm price for electric power. The lack of quotable, unbundled capacity prices creates uncertainty, especially given the direction taken by the Federal Energy Regulatory Commission in its March 1995 Notice of Proposed Rulemaking on stranded investment and open-access electric transmission. What conclusions can be drawn from the current regime that might paint a picture of tomorrow`s market?
- OSTI ID:
- 232042
- Journal Information:
- Fortnightly, Vol. 133, Issue 22; Other Information: PBD: Dec 1995
- Country of Publication:
- United States
- Language:
- English
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