Area Descriptions:
Page Description - this page contains information related to organized
markets as a regulatory substitute for direct regulation.
Markets:
- Commissioner Primer - Wholesale Electric Capacity Markets
-
2005/08 -
http://www.EnergyCollection.us/Energy-Markets/Commissioner-Primer-Wholesale.pdf
- Innovation in Competitive Electricity Markets - a KEMA
White Paper - 2011-02-24 - 50 pages - Commissioned by the COMPETE Coalition,
this paper assesses whether competition fosters innovation in electricity
markets and the corollary of whether competitive electricity markets promote
innovation. Through literature review, interviews, and comparative analysis,
this paper generates findings based on experiences in the North American
wholesale and retail electricity markets over the last decade. The growth of
new technology and services across the electricity supply chain and the
diversity of market structure make the electricity industry a rich source of
case studies from which to decipher the impact of competitive markets on
innovation in U.S. electricity markets. The electricity industry has
witnessed competition-driven innovation at the wholesale and retail levels
over the last decade. This paper explores the relationship between
competition and innovation in the electricity industry using three case
studies. Based on the synthesis of these case studies, this research
confirms that competitive markets have contributed to innovation in the
electricity industry. It finds that competitive markets support innovation
by rewarding new ways of delivering power that improve upon existing
approaches and by encouraging participants to develop services that quickly
adapt to meet market needs. It highlights the role of competitive markets in
providing a level playing field for developers of innovative offerings. Two
case studies illustrate how a technology-neutral approach by competitive
wholesale markets to selecting resources, based on price and performance,
can help facilitate the growth of non-traditional assets like demand
response (DR) and storage. Another case study of competitive retail
electricity offerings in Texas exemplifies innovation as a result of
economic rivalry. The case studies illustrate that competition in
electricity markets plays an active role in the creation and acceleration of
innovative electricity service offerings and practices.
http://www.EnergyCollection.us/Companies/KEMA/Innovation-Competitive-Electricity.pdf
- A Primer on Electric Utilities, Deregulation, and Restructuring of
U.S. Electricity Markets - 2002-05 -
http://www.EnergyCollection.us/Energy-Markets/Primer-Electric-Deregulation.pdf