The case for participant-funded transmission.
Bruce W. Radford
Executive and academic views on what to fix and what's not broke.
The sound and fury over trading scandals, credit defaults, and market manipulation so far has drowned out much of the mind-numbing debate over a standard market design (SMD), and rightly so. Utilities understand (as does the press) that Enron, "Deathstar," and "Get Shorty" will always sell more newspapers than locational pricing or congestion management.
Lynne Kiesling
FERC's Standard Market Design: Too Detailed To Evolve
The Federal Energy Regulatory Commission's standard market design (SMD) proposal states objectives that are important and supportable, both theoretically and empirically. Uniform rules and business practices reduce transaction costs and limit opportunities for institutional arbitrage, increase the extent of the market, and increase market liquidity and investment.
The ISO takes on critics of its new market design.
Terry Winter
Why power plants should pay for grid upgrades.
Cliff Rochlin and Jeff Huang
Why power plants should pay for grid upgrades.
Do we make all generators equal-using affirmative action to give rights to merchants that are "comparable" to utility-owned plants?
Or, do we let the locational price signals shine through-trusting all plant developers, whether regulated or not, to act in self-interest?
How rules muted price signals and did not ensure efficient siting.
David T. Doot, Steve Garwood, and Debra J. Dreibelbis
How rules muted price signals and did not ensure efficient siting.
Of the new rules proposed by the Federal Energy Regulatory Commission (FERC) for interconnecting new power plants to the transmission grid, the most controversial (for transmission providers and generators alike) is FERC's choice of who should pay to construct the various categories of required new facilities.
RTO cost/benefit studies are difficult to reconcile.
John D. Clapp and Margaret McGrath
RTO cost/benefit studies are difficult to reconcile.
The premise behind the Federal Energy Regulatory Commission's (FERC) push for regional transmission organizations (RTOs)-that they will provide positive economic benefits to society- increasingly is being challenged.
The appropriate role for ITCs is rather different-and maybe not as exciting-as the role ITC proponents seem to have in mind.
Larry E. Ruff
Energy players can lose a lot more than their shirt if they fail to model transmission losses properly.
Steinar Dale, Bob Fesmire, and Vikram Janardhan
Several issues need to be addressed before municipals and co-ops participate significantly in regional transmission organizations.
Lisa G. Dowden, Ben Finkelstein, and David E. Pomper
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