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The Oversight of Restructured Electricity Markets

The Oversight of Restructured Electricity Markets

Chapter:
(p.297) 7 The Oversight of Restructured Electricity Markets
Source:
Electricity Deregulation
Author(s):
Alvin K. Klevorick
Publisher:
University of Chicago Press
DOI:10.7208/chicago/9780226308586.003.0008

This chapter discusses the need for continual regulatory oversight of bidding in restructured electricity markets. It explains why deregulated electricity markets must be constantly monitored to ensure they are competitive and offers guidance on how market monitoring should be conducted at both the local and federal level. This chapter also compares the relative merits of various approaches in price regulation including price caps and bid-adjustment procedures.

Keywords:   regulatory oversight, restructured electricity markets, bidding, market monitoring, price regulation, price caps, bid-adjustment procedures

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