Using Auctions to Divest Generation Assets
Using Auctions to Divest Generation Assets
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Date
1997-12
Authors
Cameron, Lisa J.
Cramton, Peter
Wilson, Robert
Advisor
Citation
"Using Auctions to Divest Generation Assets," (with Lisa J. Cameron and Robert Wilson) Electricity Journal, 10:10, 22-31, December 1997.
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Abstract
In most states, ratepayers will compensate utilities for their stranded costs. As a result, these
costs must be measured as accurately as possible, in a manner that is easily understood by all
concerned parties. We describe the options for measuring stranded costs and argue that a
simultaneous ascending auction is the best approach.