Evaluation methods in competitive bidding for electric power
Competitive bidding for new electricity generation is a rapidly growing phenomenon. A number of utilities have completed auctions for long-term power contracts with private suppliers, and more are being proposed. Yet despite all of this activity, there has not been any systematic analysis of the design choices posed by this process. Are these procedures economic What biases are built into the process How are various objectives traded off against one another in the implementation of competitive bidding In this report we undertake a systematic analysis of some of the competitive bidding procedures that have been used or are being proposed at the state level. We take no position on the larger political debate surrounding this process. These policy issues, raised principally by initiatives of the Federal Energy Regulatory Commission (FERC), address the scope and appropriateness of competitive bidding. 58 refs., 9 figs., 23 tabs.
- Research Organization:
- Lawrence Berkeley Lab., CA (USA)
- DOE Contract Number:
- AC03-76SF00098
- OSTI ID:
- 5780022
- Report Number(s):
- LBL-26924; ON: DE89016571
- Country of Publication:
- United States
- Language:
- English
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