Transmission Market Design

William W. Hogan
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William W. Hogan: Harvard U

Working Paper Series from Harvard University, John F. Kennedy School of Government

Abstract: Coordinated electricity spot markets support open access to existing transmission grids. Associated financial transmission rights provide a key ingredient for long-term contracting and property rights for grid expansion. Design of a mixed system of merchant and regulated transmission investment presents a challenge for regulators and market participants. With the right choice, merchant transmission investment could play a significant but not exclusive role in efficient transmission expansion. With the wrong choice, the unintended consequences could undermine the whole foundation of electricity market restructuring.

Date: 2003-10
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Persistent link: https://EconPapers.repec.org/RePEc:ecl:harjfk:rwp03-040

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