Econometric models of power prices: An approach to market monitoring in the Western US

Utilities Policy

Volumn 16, Issue 4, 2008, Pages 307-320

  Barmack, Matthew ^a   Kahn, Edward ^b   Tierney, Susan ^b   Goldman, Charles ^c  

^a PACIFIC GAS AND ELECTRIC COMPANY   (United States)

^b ANALYSIS GROUP   (United States)

^c LAWRENCE BERKELEY NATIONAL LABORATORY   (United States)

Author keywords

Deregulation; Electricity markets; Electricity prices; Market monitoring; Market power

Indexed keywords

BENCHMARKING; DEREGULATION; ECONOMETRICS; ENERGY MARKET; MONITORING; NUMERICAL MODEL;

COLUMBIA [MISSOURI]; MISSOURI; NORTH AMERICA; UNITED STATES;

EID: 54249116955     PISSN: 09571787     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jup.2007.12.001     Document Type: Article

References (15)

1. Bailey, E., 1998. The geographic expanse of the market for wholesale electricity. PhD thesis, Massachusetts Institute of Technology.
2. Barmack M., Kahn E., Tierney S., and Goldman C. A Regional Approach to Market Monitoring in the West. Lawrence Berkeley National Laboratory (LBNL) Report No: 61313 (2006)
3. Borenstein S., and Bushnell J. An empirical analysis of the potential for market power in California's electricity market. Journal of Industrial Economics 47 3 (1999) 285-323
4. Borenstein S., Bushnell J., and Wolak F. Measuring market inefficiencies in California's wholesale electricity industry. American Economic Review 92 5 (2002) 1376-1405
5. California Energy Markets. Southwest not so hot; northwest not so wet. California Energy Markets 679 July 26 (2002) 3
6. California Energy Markets. Heat storm brings record loads and new energy price caps to the west until FERC overturns change. California Energy Markets 677 (July 12) (2002) 5
7. California Energy Markets. Gas blitz electrifies spot trades. California Energy Markets 709 (February 28) (2003) 3
8. California Independent System Operator. 2005 Annual Report on Market Issues and Performance, Department of Market Monitoring (2006)
9. Federal Energy Regulatory Commission (FERC). State of the Markets Report, Staff Report by the Office of Market Oversight and Investigations (2005) 2004
10. ISO-New England. Annual markets report-technical review. May-December 2002, available at (2003). http://www.isone.com/markets/mkt_anlys_rpts/annl_mkt_rpts/2002/2002_Annu al_Market_Technical_Review_Final.pdf
11. Joskow P., and Kahn E. A quantitative analysis of pricing behavior in California's wholesale electricity market during Summer 2000. The Energy Journal 23 4 (2002) 1-35
12. Kleit A., and Reitzes J. Geographic integration, transmission constraints, and electricity restructuring. available at (2004). http://ssrn.com/abstract=645085
13. Schnitzer M. Rebuttal Testimony in New Jersey BPU Docket No. EM05020106, December 12 (2005)
14. Wolfram C. Measuring duopoly power in the British Electricity Spot Market. American Economic Review 89 September (1999) 805-826
15. Yoo Y., and Meroney W. A regression model of gas/electricity price relationship and its application for detecting potentially anomalous electric prices (2005), Presented at 25th USAEE/IAEE Conference, Denver, CO September 19, 2005