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Author:Mount, T.
Title:Market power and price volatility in restructured market for electricity
Journal:Decision Support Systems
2001 : JAN, VOL. 30:3, p. 311-325
Index terms:ELECTRICITY INDUSTRY
MARKET STRUCTURE
PRICES
VOLATILITY
AUSTRALIA
UNITED KINGDOM
Language:eng
Abstract:This paper argues that the use of a uniform price auction (UPA) for electricity markets exacerbates price volatility. A discrimination price auction (DPA) is proposed as a better alternative that would reduce the responsiveness of price to errors in forecasting total load.
SCIMA record nr: 221236
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