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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. |
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