Center for Energy and Environmental Policy Research: Recent submissions
Now showing items 244-246 of 334
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Competitive electricity markets and investment in new generating capacity
(MIT Center for Energy and Environmental Policy Research, 2006)Evidence from the U.S. and some other countries indicates that organized wholesale markets for electrical energy and operating reserves do not provide adequate incentives to stimulate the proper quantity or mix of generating ... -
A simple auction mechanism for the optimal allocation of the commons
(MIT Center for Energy and Environmental Policy Research, 2006)Efficient regulation of the commons requires information about the regulated firms that is rarely available to regulators (e.g., cost of pollution abatement). Different mechanisms have been proposed for inducing firms to ... -
The convergence of market designs for adequate generating capacity with special attention to the CAISO's resource adequacy problem
(MIT Center for Energy and Environmental Policy Research, 2006)This paper compares market designs intended to solve the resource adequacy (RA) problem, and finds that, in spite of rivalrous claims, the most advanced designs have nearly converged. The original dichotomy between approaches ...
