The analytical approach to measuring horizontal market power in electric utility markets: A historical perspective

Journal Article · Wed Jul 01 00:00:00 EDT 1998 · Electricity Journal

DOI:https://doi.org/10.1016/S1040-6190(98)00058-X· OSTI ID:290000

Surratt, W ^[1]

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1. National Economic Research Associates, Washington, DC (United States)

Market power remains an important issue in electricity markets. FERC has taken important steps to clarify the process it uses in analyzing market power in merger, market-pricing, and ISO settings. Further change may be expected, although the policy goals remain the same: ensuring that consumer interests are protected and that competition may thrive. Section 1 of this article examines the history of market power measurement at FERC and details the changes in market power analysis, including the issuance of Order 592 and the methodology it prescribes. Section 2 contains some thoughts on future market power analyses and how those might be constructed. Section 3 presents conclusions.

• OSTI ID: 290000
• Journal Information: Electricity Journal, Vol. 11, Issue 6; Other Information: PBD: Jul 1998
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING AND POLICY
24 POWER TRANSMISSION AND DISTRIBUTION
ELECTRIC UTILITIES
MARKET
COMPETITION
HISTORICAL ASPECTS
MEASURING METHODS