Report to the Competition Bureau of Industry Canada Efficiency Considerations in Designing Electricity Markets
نویسنده
چکیده
The Introduction lays out some background and issues that motivate the subsequent discussion. The following sections consider the general architecture of wholesale markets for electricity. The first examines the choice among forms of organization, such as bilateral contracting or multilateral trading, and in the latter, the choice between a market-clearing exchange or a tight pool with centrally optimized scheduling. The second examines the transmission market in some detail, and the third examines the energy market similarly. The final two sections examine linkages among multiple markets in decentralized designs, focusing on the role of contractual commitments and the requirements for inter-market efficiency.
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