An efficient Western Energy Imbalance Market with conflicting carbon policies

A reform of the Western Energy Imbalance Market should target the right problem. Import leakage is a problem; resource shuffling is a solution. Proposed modifications for the existing EIM design target the wrong problem and would work at cross purposes to the very reasons for the EIM’s existence. Th...

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Bibliographic Details
Published in:The Electricity journal 2017-12, Vol.30 (10), p.8-15
Main Author: Hogan, William W.
Format: Article
Language:English
Subjects:
Carbon permits
Efficient prices
Electricity market design
Energy imbalance
Leakage
Regional markets
Resource shuffling
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Summary:A reform of the Western Energy Imbalance Market should target the right problem. Import leakage is a problem; resource shuffling is a solution. Proposed modifications for the existing EIM design target the wrong problem and would work at cross purposes to the very reasons for the EIM’s existence. There is a better approach that would address the right problem and preserve the critical elements of the existing EIM design.
ISSN:1040-6190
1873-6874
DOI:10.1016/j.tej.2017.11.001