Abstract
FERC’s Standard Market Design takes aim at the problem of withholding by proposing automated mitigation procedures (AMP) as a tool to prevent the exercise of market power. However, only “light-handed” AMP with bid caps based on opportunity costs and no must-offer requirement will result in efficient operations of energy-limited resources.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.