Review of the Proposed Reserve Markets in New England

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dc.contributor.authorCramton, Peter
dc.contributor.authorHung-po, Chao
dc.contributor.authorWilson, Robert
dc.date.accessioned2007-08-07T13:50:10Z
dc.date.available2007-08-07T13:50:10Z
dc.date.issued2005-01
dc.description.abstractISO New England proposes reserve markets designed to improve the existing forward reserve market and improve pricing during real-time reserve shortages. We support all of the main elements of the proposal. For example, we agree that little is gained by allowing reserve availability bids in the day-ahead market. Doing so greatly increases the complexity of the market without the prospect of more efficient pricing. Rather, offline reserves are most efficiently priced and awarded well in advance, as is done by the improved forward reserve market.
dc.format.extent206182 bytes
dc.format.mimetypeapplication/pdf
dc.identifier.citation"Review of the Proposed Reserve Markets in New England," (with Hung-po Chao and Robert Wilson) White Paper, Market Design Inc., January 2005.
dc.identifier.urihttp://hdl.handle.net/1903/7057
dc.language.isoen_USen
dc.publisherMarket Design, Inc.
dc.relation.isAvailableAtDigital Repository at the University of Marylanden_us
dc.relation.isAvailableAtEconomics Departmenten_us
dc.relation.isAvailableAtCollege of Behavioral and Social Sciencesen_us
dc.relation.isAvailableAtUniversity of Maryland (College Park, Md.)en_us
dc.subjectNew England Reserve Marketsen
dc.titleReview of the Proposed Reserve Markets in New Englanden
dc.typeWhite Paperen

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