Koesrindartoto, Deddy P.; Sun, Junjie; Tesfatsion, Leigh - Department of Economics, Iowa State University - 2005
In April 2003 the U.S. Federal Energy Regulatory Commission (FERC) proposed the Wholesale Power Market Platform (WPMP) for common adoption by U.S. wholesale power markets. The WPMP is a complicated market design that has been adopted in some regions of the U.S. but resisted in others on the...