California abandons standard rates, adopts second price auction approach
Journal Article
·
· Cogener. Small Power Mon.; (United States)
OSTI ID:5037528
The California Public Utility Commission is replacing the standard offers, which encouraged cogeneration and small power in the state, with a bidding system which uses a second price auction approach. Sealed bids to provide electricity at a percentage of projected avoided cost will be submitted, with contracts awarded for needed capacity at the price bid by the lowest losing bidder. The author describes alternative auction strategies and potential pitfalls in the system, particularly the opportunity for delay and the chance that bidding suppliers will try to eliminate competition through underbidding.
- OSTI ID:
- 5037528
- Journal Information:
- Cogener. Small Power Mon.; (United States), Journal Name: Cogener. Small Power Mon.; (United States); ISSN CSPME
- Country of Publication:
- United States
- Language:
- English
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Related Subjects
29 ENERGY PLANNING, POLICY, AND ECONOMY
290800 -- Energy Planning & Policy-- Heat Utilization-- (1980-)
32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATION
320603* -- Energy Conservation
Consumption
& Utilization-- Municipalities & Community Systems-- Public Utilities-- (1980-)
BIDS
CALIFORNIA
COGENERATION
COMPETITION
CONTRACTS
DEUS
ECONOMICS
ELECTRIC UTILITIES
ENERGY SYSTEMS
FEDERAL REGION IX
NORTH AMERICA
POWER GENERATION
PUBLIC UTILITIES
STATE GOVERNMENT
STEAM GENERATION
USA
290800 -- Energy Planning & Policy-- Heat Utilization-- (1980-)
32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATION
320603* -- Energy Conservation
Consumption
& Utilization-- Municipalities & Community Systems-- Public Utilities-- (1980-)
BIDS
CALIFORNIA
COGENERATION
COMPETITION
CONTRACTS
DEUS
ECONOMICS
ELECTRIC UTILITIES
ENERGY SYSTEMS
FEDERAL REGION IX
NORTH AMERICA
POWER GENERATION
PUBLIC UTILITIES
STATE GOVERNMENT
STEAM GENERATION
USA