PoolCo vs. Bilateral Markets?

Fortnightly Magazine - January 1 1995
This full article is only accessible by current license holders. Please login to view the full content.
Don't have a license yet? Click here to sign up for Public Utilities Fortnightly, and gain access to the entire Fortnightly article database online.

Vikram S. Budhraja

Take the PUF Survey on the State & Future of the Utility Industry

Vice President of Planning and Technology

Southern California Edison Co.

The transition to a competitive generation marketplace is underway. Customers want choices, flexibility, and competitive prices. Producers want open nondiscriminatory access to markets. Regulators want a smooth transition to the new system based on competitive efficiency, not cost-avoidance or cost-shifting among customer groups. And policymakers want a system that protects consumers without sacrificing environmental and energy policy objectives.

In the restructuring debate, our company has proposed formation of a regional power pool (em PoolCo (em as the fastest and straightest path to a fully competitive energy marketplace, in which all customers will enjoy the benefits of greater choice and competition. PoolCo separates financial transactions from power system operations. Financial transactions are handled through individual (em and confidential (em bilateral contracts that are unregulated, while the essential functions of control, coordination, regulation, and dispatch of the power system are performed by an independent regional PoolCo.

This full article is only accessible by current license holders. Please login to view the full content.
Don't have a license yet? Click here to sign up for Public Utilities Fortnightly, and gain access to the entire Fortnightly article database online.