Measuring Efficiency in Wholesale Electricity Markets
The mechanisms of the bid-based economic dispatch and market power mitigation algorithms which result in the market clearing price epitomize the complexity of the new regulatory regime. The augmented Lerner Index presented here offers a method to objectively assess the efficiency of the new structure.
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|Authors:||Bowden, Nicholas S.|
The Electricity Journal. - Elsevier, ISSN 1040-6190. - Vol. 22.2009, 5, p. 34-38
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