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The Role of the ISO in U.S. Electricity Markets: A Review of Restructuring in California and PJM

Lisa Cameron () and Peter Cramton ()

Papers of Peter Cramton from University of Maryland, Department of Economics - Peter Cramton

Abstract: Despite their design differences, both the California and the Pennsylvania-New Jersey-Maryland markets provide explicit roles for competition in the scheduling functions while allowing the ISO to manage the spot market. Experience has shown that both can work.

Keywords: Auctions; Electicity Restructuring (search for similar items in EconPapers)
JEL-codes: D44 L97 L94 (search for similar items in EconPapers)
Pages: 11 pages
Date: 1999-04-01, Revised 1999-04-01
New Economics Papers: this item is included in nep-ene
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Published in Electricity Journal, 12:4, April 1999, pages 71-81.

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