Chapter

The Oversight of Restructured Electricity Markets

Alvin K. Klevorick

in Electricity Deregulation

Published by University of Chicago Press

Published in print August 2005 | ISBN: 9780226308562
Published online February 2013 | e-ISBN: 9780226308586 | DOI: http://dx.doi.org/10.7208/chicago/9780226308586.003.0008
The Oversight of Restructured Electricity Markets

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This chapter discusses the need for continual regulatory oversight of bidding in restructured electricity markets. It explains why deregulated electricity markets must be constantly monitored to ensure they are competitive and offers guidance on how market monitoring should be conducted at both the local and federal level. This chapter also compares the relative merits of various approaches in price regulation including price caps and bid-adjustment procedures.

Keywords: regulatory oversight; restructured electricity markets; bidding; market monitoring; price regulation; price caps; bid-adjustment procedures

Chapter.  8266 words. 

Subjects: Econometrics and Mathematical Economics

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