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1. If Pay-as-Bid Auctions Are Not a Solution for California, then why Not a Reliability Market?

Author

Vázquez, Carlos, Rivier, Michel, and Pérez-Arriaga, Ignacio J.

Subjects
*ELECTRIC power production, *ELECTRIC utilities, *AUCTIONS
Abstract

Analyzes the proposed alternative scheme in solving the long-term power generation adequacy issues in California. Inefficient of the pay-as-bid auctions method; Advantages of the organized market structure that standardized financial call options on behalf of the demand base; Mechanisms for the long-term guarantee of electric supply.

Published
2001

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