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

被引：32

作者：

Zarnikau, J. ^{[1
,2
,3
]}

Woo, C. K. ^{[4
,5
]}

Baldick, R. ^{[6
]}

机构：

[1] Frontier Associates LLC, Austin, TX 78746 USA

[2] Univ Texas Austin, LBJ Sch Publ Affairs, Austin, TX 78712 USA

[3] Univ Texas Austin, Div Stat, Austin, TX 78712 USA

[4] Hong Kong Baptist Univ, Dept Econ, Hong Kong, Hong Kong, Peoples R China

[5] Energy & Environm Econ Inc, San Francisco, CA 94111 USA

[6] Univ Texas Austin, Dept Elect & Comp Engn, Austin, TX 78712 USA

来源：

JOURNAL OF REGULATORY ECONOMICS | 2014年 / 45卷 / 02期

关键词：

Electricity market restructuring; Deregulation; Locational marginal pricing; ERCOT; WIND; GENERATION; REGRESSION;

D O I：

10.1007/s11149-013-9240-9

中图分类号：

F [经济];

学科分类号：

02 ;

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

页码：194 / 208

页数：15

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