| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 1000285 | Utilities Policy | 2008 | 14 Pages |
Abstract
Given the limitations of data and resources available for market monitoring in electricity markets where regional transmission organizations (RTO) do not exist, we argue that econometric models of power prices could provide a useful screening tool for market monitoring. To explore its feasibility, we developed several econometric models of power prices at two major trading hubs in the West: Palo Verde and Mid-Columbia. We show that our models explain a large portion of the variation in power prices in Palo Verde and can establish a benchmark that can be used to identify outlier prices that are potentially the result of anti-competitive behavior.
Related Topics
Physical Sciences and Engineering
Energy
Energy (General)
Authors
Matthew Barmack, Edward Kahn, Susan Tierney, Charles Goldman,