Restructured Electricity Markets: California Market Design Enabled Exercise of Market Power
Description:
A letter report issued by the General Accounting Office with an abstract that begins "Historically, utility monopolies have generated electricity and sold it to customers at prices set by state regulators. Today, private companies in 24 states compete to sell electricity at market prices determined by supply and demand. California is part of a broader western market in which electricity is routinely bought and sold across state and national boundaries. GAO found evidence that wholesale electric…
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Date:
June 21, 2002
Creator:
United States. General Accounting Office.
Partner:
UNT Libraries Government Documents Department