Book Description
This book explores the important economic and legal questions of market manipulation that have arisen in restructured energy markets, paying particular attention to the actions of the Federal Energy Regulatory Commission.
Author : Andrew N. Kleit
Publisher : Emerald Group Publishing
Page : 240 pages
File Size : 40,74 MB
Release : 2018-11-15
Category : Business & Economics
ISBN : 1787433854
This book explores the important economic and legal questions of market manipulation that have arisen in restructured energy markets, paying particular attention to the actions of the Federal Energy Regulatory Commission.
Author : Gary Taylor (Consultant)
Publisher :
Page : pages
File Size : 22,77 MB
Release : 2015-04-01
Category : Electric utilities
ISBN : 9780910325349
Author : Andrew N. Kleit
Publisher : Emerald Group Publishing
Page : 240 pages
File Size : 34,10 MB
Release : 2018-11-15
Category : Business & Economics
ISBN : 1787433862
This book explores the important economic and legal questions of market manipulation that have arisen in restructured energy markets, paying particular attention to the actions of the Federal Energy Regulatory Commission.
Author : United States Senate
Publisher :
Page : 108 pages
File Size : 44,38 MB
Release : 2020-03-10
Category :
ISBN :
Energy market manipulation: hearing before the Committee on Energy and Natural Resources, United States Senate, One Hundred Seventh Congress, second session to examine manipulation in Western markets during 2000-2001 as revealed in recent documents made
Author : United States. Congress. Senate. Committee on Energy and Natural Resources
Publisher :
Page : 112 pages
File Size : 14,49 MB
Release : 2002
Category : Consumer protection
ISBN :
Author :
Publisher :
Page : 0 pages
File Size : 46,30 MB
Release : 2015
Category :
ISBN :
The question of how to best design electricity markets to integrate variable and uncertain renewable energy resources is becoming increasingly important as more renewable energy is added to electric power systems. Current markets were designed based on a set of assumptions that are not always valid in scenarios of high penetrations of renewables. In a future where renewables might have a larger impact on market mechanisms as well as financial outcomes, there is a need for modeling tools and power system modeling software that can provide policy makers and industry actors with more realistic representations of wholesale markets. One option includes using agent-based modeling frameworks. This paper discusses how key elements of current and future wholesale power markets can be modeled using an agent-based approach and how this approach may become a useful paradigm that researchers can employ when studying and planning for power systems of the future.
Author : United States. Congress. House. Committee on Energy and Commerce. Subcommittee on Oversight and Investigations
Publisher :
Page : 304 pages
File Size : 18,25 MB
Release : 2008
Category : Business & Economics
ISBN :
Author : Frank A. Wolak
Publisher : World Bank Publications
Page : 32 pages
File Size : 47,74 MB
Release : 2005
Category : Electric power
ISBN :
This paper provides examples of both the successes and failures of market monitoring from several international markets. More than 10 years of experience with the electricity industry restructuring process has shown that market failures are more likely and substantially more harmful to consumers than other market failures because of how electricity is produced and delivered and the crucial role it plays in the modern economy. Wholesale market meltdowns of varying magnitudes and durations have occurred in electricity markets around the world, and many of them could have been prevented if a prospective market monitoring process backed by the prevailing regulatory authority had been in place at the start of the market."
Author : Peggy A. Heeg
Publisher :
Page : 38 pages
File Size : 40,24 MB
Release : 2010
Category : Energy industries
ISBN :
Author : Federal Energy Federal Energy Regulatory Commission
Publisher :
Page : 48 pages
File Size : 19,3 MB
Release : 2016-11-17
Category :
ISBN : 9781542752091
Market manipulation threatens the integrity of energy markets. It does so by its actual consequences-harming consumers, rendering prices and price-setting mechanisms inaccurate and unreliable, interfering with market operations, siphoning money away from market participants who are playing by the rules, and other ills that should have no place in our nation's energy markets. It also does so by causing entities participating in, benefiting from, or affected by energy markets to lose confidence that markets are working fairly and producing results consistent with market rules and fundamentals. This became starkly and dramatically clear during the Western Energy Crisis of 2000-2001, when Enron and other companies engaged in a variety of manipulative schemes that wreaked havoc on energy markets that were designed to ensure optimal rates for energy market participants and consumers based on economic principles of supply and demand. The schemes, which have been well documented, were sophisticated, wide-ranging, and reflected major structural changes that had taken place in energy markets over the past three decades. The existence of these schemes, and the inability of government to effectively detect, stop, and penalize them, were-and remain-wholly incompatible with well-functioning energy markets that are essential to our society.