Asian Electric Competition Custom Tailored For Success

Deck: 

Taking the anti-FERC approach to the grid.

Fortnightly Magazine - August 2007
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A common response to energy-market risk is a complex market infrastructure, with significant administrative effort and cost dedicated to managing the risks and ensuring that the market functions in a transparent and effective manner. But is market complexity a necessary byproduct of competitive markets? Must all electricity markets be burdened with what we in the United States have come to accept—bid-based regimes, multi-part bidding, locational-marginal pricing, financial transmission rights, ancillary services co-optimization, day-ahead and real-time markets, complex price caps, virtual bidding products, or capacity markets? Are all of these market instruments really necessary to ensure fair and open access to electric transmission lines?

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