Pricing in the California Power Exchange Electricity Market: Should California Switch from Uniform Pricing to Pay-as-Bid Pricing?

Any belief that a shift from uniform to as-bid pricing would provide power purchasers substantial relief from soaring prices is simply mistaken. The immediate consequence of its introduction would be a radical change in bidding behavior that would introduce new inefficiencies, weaken competition in new generation, and impede expansion of capacity.

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Year of publication:	2001-01-27
Authors:	Cramton, Peter ; Kahn, Alfred E. ; Porter, Robert H. ; Tabors, Richard D.
Institutions:	University of Maryland, Department of Economics - Peter Cramton
Subject:	Auctions \| Electricity Auctions \| Multiple Item Auctions

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Extent:	application/pdf
Series:	Papers of Peter Cramton.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Working Paper 20 pages
Classification:	D44 - Auctions
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10004988756