On the first price spike in summer

Proceedings of the Hawaii International Conference on System Sciences

Volumn 37, Issue , 2004, Pages 813-822

  Mount, Tim ^a   Oh, Hyungna ^a  

^a Cornell University ^*  (United States)

Author keywords

[No Author keywords available]

Indexed keywords

AUTOMATIC MITIGATION PROCEDURES (AMP); ELECTRICITY MARKETS; INDEPENDENT SYSTEM OPERATORS (ISO); LITIGATION;

COMPUTER SIMULATION; COSTS; DEREGULATION; ELECTRIC LOADS; ESTIMATION; INDUSTRIAL ECONOMICS; KALMAN FILTERING;

MULTI AGENT SYSTEMS;

EID: 12344295472     PISSN: 10603425     EISSN: None     Source Type: Conference Proceeding    
DOI: None     Document Type: Conference Paper

References (20)

1. Bernard, J. C., Schultz W. and Mount, T.D. (2003), Comparing the Multiple-Unit Vickrey and Uniform Price Auctions in a Repeated Procurement Setting, Working paper, Cornell University.
2. Borenstein, S., J. Bushnell and F. Wolak (2002). "Measuring Market Inefficiencies in California's Restructured Wholesale Electricity Market," American Economic Review, December 92(5), pp. 1376-1405.
3. Bushnell, Jim (2003). "Looking for Trouble: Competition Policy in the U.S. Electricity Industry," Center for the Study of Energy Markets (CSEM) Working Paper 109, University of California Energy Institute, Berkeley, California, April, 〈www.ucei.org〉.
4. Federal Energy Regulatory Commission (FERC), (2003). "Final Report on Price Manipulation in Western Markets," Staff Report on Western Markets Investigation, Docket No. PA 02-2-2000, March 26.
5. Federal Energy Regulatory Commission (2002). "Initial Report on Company-Specific Separate Proceedings and Generic Reevaluations; Published Natural Gas Price Data; and Enron Trading Strategies: Fact-Finding Investigation of Potential Manipulation of Electric and Natural Gas Prices," Docket No. PA02-2000.
6. Federal Energy Regulatory Commission (FERC), (2000). "Commission Proposes to Reshape California's 'Seriously Flawed' Electricity Markets with Sweeping Changes," News Release, November 1.
7. Klemperer, Paul and Meyer, Milgrom (1989). "Supply Function Equilibria in Oligopoly Under Uncertainty." Econometrica, Vol. 57, No.6, pp.1243-1277.
8. Kolstad, J.T. and F.A. Wolak. (2003) "Using Environmental Emissions Permit Prices to Raise Electricity Prices: Evidence from the California Electricity Market, Stanford University, Stanford, California. March 10, [online]: http://www.stanford.edu/~wolak.
9. Lillis, Kevin (1997), "Electricity Reform Abroad and U.S. Investment: The England and Wales Power Pool", [online]: http://www.eia.doe.gov/emeu/pgem/electric/ch212.html.
10. Mount, Timothy (2000). "Strategic Behavior in Spot Markets for Electricity when Load is Stochastic." Presented as a selected paper at the Hawaii International Conference on System Science, Maui.
11. Mount, T. D., C.A Vossler, R.J. Thomas, and R.D. Zimmerman (2003). "The California Electricity Crisis: An Experimental Investigation of the Effects of Changing the Market Rules," Working Paper, Presented at Eighth Annual POWER Research Conference, University of California, Berkeley, California. March 14.
12. Neenan, B.F., D.K. Pratt, P.A. Cappers, R.N. Boisvert and K.R. Deal (2002). "NYISO Price-Responsive Load Program Evaluation Final Report," NISCO Report prepared by Neenan Associates, LLC, January.
13. Oh, Hyunga (2003). "Simulation Methods for Modeling Offer Behavior and Spot Prices in Restructured Markets for Electricity". Doctoral thesis, Cornell University.
14. Oren, Shmuel (2001). "Market Based Risk Mitigation; Risk management vs. Risk avoidance", Presented at a White House OSTP/NSF Workshop on Critical Infrastructure Interdependencies.
15. Rudkevich A., Duckworth M., Rosen R (1998). "Modeling Electricity Pricing in a Deregulated Generation Industry: The Potential for Oligopoly Pricing in a Poolco." The Energy Journal 19(3): 19-48.
16. Singh, Harry and Jacobs, Johnathan (2000), "ISO Markets and Capacity Products", Presented in the fifth annual Pserc conference.
17. Weiss, Gerhard (1999). Multiagent systems: A Modern Approach to Distributed Artificial intelligent. The MIT Press.
18. Wolak, F. A. and R. Nordhaus (2000). "An Analysis of the June 2000 Price Spikes in the California ISO's Energy and Ancillary Services Markets," Market Surveillance Committee (MSC) of the California Independent System Operator (ISO), September 6.
19. Wolak, F.A. (2003a). "Lessons from the California Electricity Crisis," Center for the Study of Energy Markets (CSEM) Working Paper 110, University of California Energy Institute, Berkeley, California, April. 〈www.ucei.org〉.
20. Wolak, F.A. (2003b). "Measuring Unilateral Market Power in Wholesale Electricity Markets: The California Market 1998 to 2000," American Economic Review, May, forthcoming, [online]: http://www.stanford.edu/~wolak.