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Electricity DeregulationChoices and Challenges$
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James M. Griffin and Steven L. Puller

Print publication date: 2005

Print ISBN-13: 9780226308562

Published to Chicago Scholarship Online: February 2013

DOI: 10.7208/chicago/9780226308586.001.0001

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PRINTED FROM CHICAGO SCHOLARSHIP ONLINE (www.chicago.universitypressscholarship.com). (c) Copyright University of Chicago Press, 2022. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in CHSO for personal use.date: 05 July 2022

Transmission Market Design

Transmission Market Design

(p.358) 9 Transmission Market Design
Electricity Deregulation

William W. Hogan

University of Chicago Press

This chapter discusses how the use of the transmission grid should be priced to make the electricity market efficient. It summarizes the main developments that build on a coordinated spot market and point to the use of market incentives to facilitate transmission investment. This chapter discusses factors needed to consider how to determine transmission investment policy and explains that with the right choice merchant transmission investment could play a significant but not exclusive role in efficient transmission expansion.

Keywords:   transmission grid, electricity market, spot market, merchant transmission investment, transmission expansion

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