power market design – Page 7 – Knowledge Problem

Power Market Seams and the Role of Arbitragers in Market Design

4 Comments / Electricity, Energy markets / By Michael Giberson

Michael Giberson For class tomorrow I’m reading up on things Enron and California power market melt-down related. I’m a fan, for example, of Jonathan Falk’s 2002 article in the Electricity Journal on the infamous “Smoking Gun” memo which detailed Enron’s colorfully-named trading strategies like “get shorty” and “death star.” Among other things, Falk points out …

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Wind Power is Dispatchable, Down

Energy markets / By Michael Giberson

Michael Giberson Last week the New York ISO filed proposed tariff changes with the Federal Energy Regulatory Commission to revise how it treats wind power generation in its markets. Under the NYISO’s current rules, wind power generators are not treated as flexible resources. When the transmission system is overloaded, other generators can be asked to …

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Does “Competitive Electricity Markets” Want to Be Free?

1 Comment / Economics, Electricity / By Michael Giberson

Michael Giberson Al Roth at his Market Design blog draws attention to Competitive Electricity Markets: Design, Implementation, Performance, a book edited by Fereidoon Sioshansi, which contains 15 chapters on power market design by some of the best workers in the field. As Roth notes, it has been out for a year or so, and it …

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