Electricity Market of the Future: Potential North American Designs Without Fuel Costs
Erik Ela, Andrew Mills, Eric Gimon, M. A. Hogan, Nicole Bouchez, Anthony Giacomoni, Hok K. Ng, Jim Gonzalez, Mike DeSocio
Abstract
Electricity markets in the united states and Canada have evolved since their inception in the late 1990s and early 2000s. Not all states and provinces moved toward restructured organized electricity markets, but rather those that have belonged to markets operated by independent system operators (ISOs) and regional transmission organizations, with designs developed through stakeholder processes and approved through state, provincial, or federal agencies, such as the Federal Energy Regulatory Commission (FERC).
Topics & Concepts
ElectricityCommissionElectricity marketStakeholderElectricity retailingBusinessElectricity systemElectric power industryElectricity generationIndustrial organizationNatural resource economicsEnvironmental economicsMarket economyEconomicsFinanceEngineeringElectrical engineeringPower (physics)PhysicsManagementQuantum mechanicsGlobal Energy Security and PolicyTransport and Economic PoliciesCanadian Policy and Governance