Efficiency and Profit in the NYISO Transmission Congestion Contract Market

Lester Hadsell and Hany A. Shawky

The Electricity Journal, 2009, vol. 22, issue 9, 47-57

Abstract: Evidence of speculator profit and TCC price less than congestion charges suggests that additional competition in the TCC auction should be encouraged as a way to increase efficiency and lower the price of this "insurance" for hedgers.

Date: 2009
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