Deregulating the generation of electricity through the creation of spot markets for bulk power
Deregulation of the electric utility system is complex because of the decisions that must be coordinated. The authors propose a way to solve these coordination problems and lead to an efficient, deregulated power system, but do not advocate or oppose its implementation without further study. Their proposal consists of a single regulated company that controls transmission and distribution, many independent generating companies, and consumers who buy at the current spot price. They offer their results as a model for evaluating other proposals to restructure electric utilities. They emphasize that any proposal for change should specify who will make decisions and to what incentives the decision makers will be asked to respond. The proposal can then be evaluated by comparing the decisions likely to be made under the new structure with those made under existing industry structures. 13 references, 2 figures, 4 tables.
- Research Organization:
- Harvard Univ., Cambridge, MA
- OSTI ID:
- 6638688
- Journal Information:
- Energy J.; (United States), Vol. 5:2
- Country of Publication:
- United States
- Language:
- English
Similar Records
Empirical analysis of the spot market implications ofprice-elastic demand
Valuation of Transactive Systems
Related Subjects
29 ENERGY PLANNING
POLICY AND ECONOMY
ELECTRIC POWER
SPOT MARKET
ELECTRIC UTILITIES
DEREGULATION
POWER GENERATION
DECISION MAKING
MONOPOLIES
MARKET
POWER
PUBLIC UTILITIES
320603* - Energy Conservation
Consumption
& Utilization- Municipalities & Community Systems- Public Utilities- (1980-)
296000 - Energy Planning & Policy- Electric Power