Carbonomics
National and International Energy Policy
Power System Economics 		Steven  Stoft
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   Market Redesign for Alberta

    PJM, NYISO, ISO-NE  
 
Problems in PJM's Capacity Market, June 2000  (61k PDF)
Include quite a bit of description of Cap Market. (11 pp.)
 
PJM's State of the Market Report, 2003 (just out, 12MB).
Excerpt from SOM 2003 includes price duration curves, and net revenues from energy, capacity and AS markets, 1999--2003.
 
Report on Implementation of the ICAP Demand Curve (to FERC)  (44k PDF)
Discusses reduced price volatility due to introducing a finite slope in the Capacity-Demand curve.
    The NETA in England  
 
Jan. -, 2004 
NERA: Applying the lessons of NETA to Italy.  Forward contract prices have now risen back to the level seen under the Pool. The market will now (2004) pay capacity payments to plants providing reserve service.
Sistema Italia 2004: New Electriticty Market Design Questions for Ital  (140k PDF)
 
Nov. -, 2003 
Low wholesale prices and uncertainty leading to poor climate for inves  (17k PDF)
 
Sep. -, 2003 
• since NETA in 2001, reserve capacity for electricity generation has fallen to its lowest recorded level.  • concerns over whether current arrangements provide sufficient incentives to maintain supply security.  • if security is seriously jeopardised, how, and under what conditions, could the government intervene to ‘keep the lights on’.
England: Security of Electricity Supplies  (130k PDF)
 
Jan. -, 2003 
British energy policy and market (financial trouble for suppliers)  (465k PDF)
    Problems with U.S. Markets  
 
Aug. -, 2003 
2003 Performance Review of U.S. Electric Power Markets  (821k PDF)
 
Jul. -, 2003 
provides a comprehensive discussion of the causes and consequences of state and federal initiatives to introduce wholesale and retail competition into the U.S. electricity sector between 1995 and the present. -Paul Joskow (MIT)
The Difficult Transition to Competitive Electricity Markets in the U.S  (1167k PDF)
 
Jul. -, 2003 
Surplus of Electricity Supplies May Persist at Least Until 2005  (123k PDF)
    Designing Capacity Markets and Investment Incentives  
 
Feb. -, 2004 
A design for a capacity market with a 3-year planning horizon and a 3-year commitment period. Slides See also Security of Supply: What Role Can Capacity Markets Play?, a NERA paper from Sept. 2003.
Central Resource Adequacy Markets, for PJM, NYISO, & NE-ISO  (691k PDF)
 
Jan. -, 2004 
Market power control in load pockets, while allowing a price hihger than the PJM average, may keep the price too low to induce sufficient investment. A capacity auction is proposed. --Stoft
An Auction to Procure Capacity in a PJM Load Pocket  (37k PDF)


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Modified: Mon, 17 Apr 2006 18:28:08 GMT