Did the introduction of a nodal market structure impact wholesale electricity prices in the Texas (ERCOT) market?

被引：0
|
作者：
J. Zarnikau
C. K. Woo
R. Baldick
机构：
[1] Frontier Associates LLC,LBJ School of Public Affairs and Division of Statistics
[2] The University of Texas at Austin,Department of Economics
[3] Hong Kong Baptist University,Department of Electrical and Computer Engineering
[4] Energy and Environmental Economics,undefined
[5] Inc.,undefined
[6] The University of Texas at Austin,undefined
来源：
Journal of Regulatory Economics | 2014年 / 45卷
关键词：
Electricity market restructuring; Deregulation; Locational marginal pricing; ERCOT; L51; L11; L94; Q48;
D O I：
暂无
中图分类号：
学科分类号：
摘要：
Regression analysis suggests that zonal averages of locational marginal prices under the nodal market are about 2 % lower than the balancing energy prices that would occur under the previous zonal market structure in ERCOT. The estimates for the nodal market price effects are found after controlling for such factors as natural gas prices, total system load levels, non-dispatchable generation levels, the treatment of local congestion costs, and the treatment of the revenues received by the market from the auctioning of transmission rights. Our finding is limited to periods which are not characterized by price spikes in the wholesale market.
引用
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页码：194 / 208
页数：14
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