Designing Competitive Electricity Markets

1 Introduction: Economic and Technological Principles in Designing Power Markets.- 2 Restructuring, Competition and Regulatory Reform in the U.S. Electricity Sector.- 3 Nodes and Zones in Electricity Markets: Seeking Simplified Congestion Pricing.- 4 Ownership Structure, Contracting and Regulation of Transmission Services Providers.- 5 Authority and Responsibility of the ISO: Objectives, Options and Tradeoffs.- 6 Pricing Issues.- 7 Deregulating Electric Power: Market Design Issues and Experiments.- 8 Binding Constraints of Electricity Restructuring: An Inventory.- 9 Investing in Transmission Facilities- Why, by Whom, for Whom.- 10 The Role of Research and New Technology in a Restructured Networked Energy System.- 11 Design Principles.- 12 An Institutional Design for an Electricity Contract Market with Central Dispatch.

Zusammenfassung
Developing some guiding principles to be used when evaluating alternative proposals for reorganizing the US electric power industry, this text contains preliminary versions of papers that were presented at a Workshop convened by the Electric Power Research Institute at Stanford University in 1997.