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Course Project
Description of Project Assignment
Links to Readings
February 9: K. Costello and D. Duann, "Turning Up the Heat in the Natural Gas Industry," Regulation, 1996, No. 1
February 16: "Going, going, gone! A Survey of Auction Types," Agorics, Inc.
February 23: Readings on the California Power Exchange and Independent System Operator (Note: the full text of these papers is posted, you only need to read the sections listed below)
Pages 1 to 3 of :J. Bushnell and S.S. Oren, "Transmission Pricing in California's Electricity Market."
Pages 4 to 16 of: R. Bohn, A. Klevorick, and C. Stalon, "Report on Market Issues in the California Power Exchange Energy Markets."
Pages 3 to 9 of: F. Wolak, R. Nordhaus, and C. Shapiro, "Preliminary Report on the Operation of the Ancillary Services Markets of the California ISO."
February 23: R. Green, "Draining the Pool: The Reform of Electricity Trading in England and Wales."
March 2: S. Borenstein, "Understanding Competitive Pricing and Market Power in Wholesale Electricity Markets"
March 16: S. Borenstein, J. Bushnell, and C. Knittel, "Market Power in Electricity Markets: Beyond Concentration Measures"