Geographic Market Delineation in LMP Electric Power Markets

John R. Morris and Megan H. Accordino

The Electricity Journal, 2010, vol. 23, issue 3, 49-60

Abstract: The Federal Energy Regulatory Commission has jurisdiction over sales of electric generation assets in the United States, and it has found that generation on the high-priced side of transmission constraints provides competition for generators on the low-priced side. This article shows that this reasoning is correct in locational marginal price electric power markets now prevalent in the U.S.

Date: 2010
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