标题：Ensuring the Future Construction of Electricity Generation Plants: The Challenge of Maintaining Reliability in New U.S. Wholesale Electricity Markets
期刊名称：IAEE Energy Forum (formerly: IAEE Newsletter)
印刷版ISSN：1093-4243
电子版ISSN：1944-3188
出版年度：2005
卷号：1
页码：13-13
出版社：International Association for Energy Economics
摘要：Several independently-operated, federally regulated, hourly wholesale electricity markets have been established in the U.S. during the last several years. Driven by the U.S. Federal Energy Regulatory Commission’s (FERC) landmark 1996 regulatory order providing open access to the U.S. high voltage transmission network, various regions embraced the opportunity to form sophisticated, internet-based trading platforms that produce transparent hourly spot prices for wholesale electricity supplies. Concomitantly in most regions where these markets were introduced, significant investments in new, high-efficiency, low-emission electricity generators have occurred. These investments flooded the marketplace with excess supply of electricity generating capacity, quickly revealing weaknesses in the underlying market structures and resulting in documented under-compensation of generating capacity clearly required to maintain system reliability. The recognition that market modifications must be considered has resulted in numerous FERC proceedings focused on resolving the problem before a crisis ensues.
