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The wholesale market for electricity in England and Wales : recent developments and future reforms

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dc.contributor.author Sweeting, Andrew en_US
dc.contributor.other Massachusetts Institute of Technology. Center for Energy and Environmental Policy Research. en_US
dc.date.accessioned 2009-04-03T17:04:34Z
dc.date.available 2009-04-03T17:04:34Z
dc.date.issued 2000 en_US
dc.identifier 2000-007 en_US
dc.identifier.uri http://hdl.handle.net/1721.1/44971
dc.description.abstract The England and Wales wholesale electricity market is about to undergo major reform (NETA). I describe and analyse the proposed arrangements, contrasting them with those currently in operation. I argue that while NETA will remove one or two of the Pool's problems, particularly by eliminating capacity payments, there is no reason to expect that it will significantly improve outcomes. Market power could continue to be a problem and, despite NETA's attempt to decentralise the market, the complex rules of the centralised phase operating close to real time are likely determine the level of wholesale electricity prices. Future arrangements for transmission are also considered. I argue that, if generators have local market power, these may exacerbate rather than reduce current problems. en_US
dc.description.sponsorship Supported by the MIT Center for Energy and Environmental Policy Research. en_US
dc.format.extent 87 p en_US
dc.publisher MIT Center for Energy and Environmental Policy Research en_US
dc.relation.ispartofseries MIT-CEEPR (Series) ; 00-007WP. en_US
dc.title The wholesale market for electricity in England and Wales : recent developments and future reforms en_US
dc.type Working Paper en_US
dc.identifier.oclc 52316911 en_US


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