Benchmarks
Is there a better way to increase shareholder wealth?
Benchmarks
News Digest
The California ISO offers a plan, but some fear that rules themselves are the problem.
News Digest
News Digest
The California ISO offers a plan, but some fear that rules themselves are the problem.
News Digest
Transmission & ISOs
Policing the Markets
The California ISO offers a plan, but some fear that rules themselves are the problem.
Perspective
An ode to the customer, the measure of all things.
News Analysis
With power markets now regional, the Pacific Northwest ponders responsibility for blackouts and outages.
News Analysis
Off Peak
There's nothing quite like a consumer scorned..<b> </b>
Off Peak
March 15, 2001
'I See Now I Was Naive'
There's nothing quite like a consumer scorned..
Excerpts from letters sent by private citizens to the Federal Energy Regulatory Commission and made a part of the official in RDocket No. EL00-95-000.
Dancing With Goliath: Prospects After the Breakup of Ontario Hydro
How market power likely will emerge, despite the government's good intentions.
¥ CUSTOMBid is a product of Mellowmede Ltd., developed in consultation with the staff of London Economics International LLC. London Economics International LLC is an exclusive licensee of CUSTOMBid.
# "Cournot competition" refers to an oligopoly in which each firm believes that its rivals are committed to a certain level of production and that rivals will reduce their prices as needed to sell that amount.
Price-Responsive Retail Demand: Key to Competitive Electricity Markets
Wholesale and retail are two different worlds, and therein lies trouble and opportunity.
* All four of the operational independent system operators (ISOs) in the United States experience market-power problems when demand is high (typically during the summer). As a consequence, the four ISOs impose price or bid caps on the participating generators. A robust demand side that participated in bulk-power markets might obviate the need for such caps.
Electricity Choice: Pick Your Poison
A. Errant Economics? B. Lousy Law? C. Market Manipulation? D. All Three?
1 "An Open Letter to Members of the U.S. House and Senate Conference Committee About National Electric Power Transmission Policy from a Group of Concerned Engineers,", Oct. 1, 1992, pg. 15.
2 Dr. Eugene Coyle, Price Discrimination, Electric Redlining, and Price Fixing in Deregulated Electric Power, , January 2000, p. 7, 8.
3 J.M. Keynes, "The End of Laissez-faire" in , London, The Macmillan Press, 1972, p. 284 .
4 Ibid., pg. 35.