Review of the Structure of Bulk Power Markets

Date Published
12/1999
Publication Type
Report
Authors
Abstract

Historically, the bulk power market structure was dominated by vertically integrated utilities granted monopoly franchise service territories. Performance, both economic and reliability, was judged in a holistic fashion by regulators who approved tariffs that customers were obligated to pay. Restructuring seeks to introduce competition into electric power markets in order to improve economic efficiency. The impact of these changes on reliability is the subject of this report.

Series Title
CERTS Grid of the Future Project Team
Year of Publication
1999
Pagination
62
Institution
Oak Ridge National Laboratory
Keywords
Organizations
Research Areas
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