A Quantitative Analysis of Pricing Behavior in California's Wholesale Electricity Market During Summer 2000
Published in National Bureau of Economic Research • Mar 1, 2001
Authors:,
Paul L. Joskow
Edward Kahn
Abstract
2 FERC (1998) gives a detailed account of price spikes in Midwestern markets in 1998.Price spikes in the Eastern US during 1999 were related to reliability problems of various kinds (DOE, 2000).Prices in California remained remarkably high in October and November and then reached unprecedented level...
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