Authors: Abram W. Klein
May 1, 2003
Harvard Electricity Policy Group, John F. Kennedy School of Government
A power point presentation discussing the role of money in electricity market. Topics addressed include:
*Too much money? Market performance 2000-2002
-Compensation for new entrants
-Spot prices during scarcity
*Too little money. Why capacity matters
*Policy options to ensure adequate reserves
-Reserve-requirements system
-Energy-only pricing system
*The Northeast ISOs' JCAG proposal
*FERC's Reserve Adequacy Requirement
*The FERC staff paper on forward reserve contracts


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