Publications
Publications
- September–October 2002
- Interfaces
Market Power and Power Markets
By: Jurgen Weiss
Abstract
The paper provides results of a serious of experiments with experienced subjects exploring the relationship between elements of electricity market design and competitive outcomes. The two primary variables examined are a) the price formation (nodal versus uniform with uplift) and b) the ability (or not) for demand to actively bid. The paper finds that nodal environments without active demand participation result in "local market power" issues.
Keywords
Citation
Weiss, Jurgen. "Market Power and Power Markets." Interfaces 32, no. 5 (September–October 2002): 37–46.