Measuring Efficiency in Wholesale Electricity Markets Bowden, Nicholas S.

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Bowden, Nicholas S.
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The Electricity Journal
Algorithms -- Measurement; Electronics and electrical industries; Measurement
To link to full-text access for this article, visit this link: Byline: Nicholas S. Bowden Abstract: The mechanisms of the bid-based economic dispatch and market power mitigation algorithms which result in the market clearing price epitomize the complexity of the new regulatory regime. The augmented Lerner Index presented here offers a method to objectively assess the efficiency of the new structure.
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