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Pricing in Wholesale Electricity Markets - PP 05/03

Publication Details

  • Pricing in Wholesale Electricity Markets
  • Published: Jun 2005
  • Status: Current
  • Authors: Came, Sharron; Dupuy, Max
  • Hard copy: Available in HTML and PDF formats only.
 

Pricing in Wholesale Electricity Markets

New Zealand Policy Perspectives Paper 05/03

Published: June 2005

Authors: Sharron Came and Max Dupuy

Table of Contents

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Summary

Competitive Electricity Wholesale Markets and Uniform Pricing

The Price-Bid Margin in a Highly Competitive Market

Price Spikes and the Problem of Market Power

An Alternative to Uniform Pricing?

Conclusion

References

tpp05-03.pdf (86 KB) pp. 12

List of Figures

Acknowledgements

We would like to thank David Black for his valuable advice in the development of this project.  We would also like to thank Dieter Katz and Mike Lear for carefully reviewing the paper and providing helpful comments and suggestions.  The authors are responsible for any remaining errors and omissions.

Disclaimer

This document was commissioned by the New Zealand Treasury.  However, the views, opinions, findings and conclusions or recommendations expressed in it are strictly those of the authors, do not necessarily represent and should not be reported as those of the New Zealand Treasury.  The New Zealand Treasury takes no responsibility for any errors, omissions in, or for the correctness of, the information contained in this Paper.

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