Abstract
A new competitive wholesale electricity market opened in New England (USA) on 1 May 1999. There were early indications that power plant availability might have declined as a result. Did power plant availability change in New England? If so, why? How does a competitive market affect generating unit availability? This article, which provides at least partial answers to these and related questions, is based on a year-long study sponsored by ISO New England and performed by Merrill Energy LLC. This study included the creation and analysis of the most detailed and complete database known to exist on generating unit availability in New England spanning the creation of the competitive market.
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