Michael Giberson
At the EU Energy Policy Blog, Leonardo Meeus discusses the current organization of power exchanges in Europe. Meeus describes both private merchant exchanges and state regulated exchanges and notes the differing incentives of the two types, focusing on the effects on efficient cross-border exchange.
Meeus’s post draws from his recent working paper, “Why (and How) to regulate Power Exchanges in the EU market integration context.”
Michael Giberson
Granite Viewpoint provides an excellent brief introduction to wholesale power markets in New England, with a few New Hampshire specific details thrown in. (First line: “It’s 9:00 am, do you know what the bulk price is for electricity in New Hampshire?”) At this introductory level the story told about ISO-NE is approximately the same within each of the regional power markets integrated into power systems operations — PJM, New York ISO, Midwest ISO, California ISO; and the Southwest Power Pool and ERCOT are moving toward the arrangements described.
Want more? The New York ISO is “offering opportunities for individuals to learn more about wholesale electricity markets and power system operations in New York.” For $300 you can get a one-day overview of NYISO operations. (Want still more? A four-day course is also available.)
And speaking of power markets for beginnings, I’ve been meaning to mention the launch of market trials for the Florida Cost Based Broker System. (Actually, the FCBBS is not a “power market for beginners,” it is a full-scale wholesale power trading platform for professionals. Google doesn’t readily find me a clear description of the system, but with a little looking I’m sure something will turn up.)
Lynne Kiesling
Yesterday the Federal Energy Regulatory Commission released the draft Report to Congress on Competition in the Wholesale and Retail Markets for Electric Energy on behalf of the Electric Energy Market Competition Task Force. This report, required by Section 1815 of the Energy Policy Act of 2005, provides an overview and summarizes the progress toward wholesale and retail competition over the past 25 years, the current state of wholesale and retail competition in the U.S., and the economic and political issues surrounding the transition to wholesale and retail competition.
