Transmission Market Design

30 Pages Posted: 8 Oct 2003

See all articles by William W. Hogan

William W. Hogan

Harvard University - Harvard Kennedy School (HKS)

Date Written: October 2003

Abstract

Coordinated electricity spot markets support open access to existing transmission grids. Associated financial transmission rights provide a key ingredient for long-term contracting and property rights for grid expansion. Design of a mixed system of merchant and regulated transmission investment presents a challenge for regulators and market participants. With the right choice, merchant transmission investment could play a significant but not exclusive role in efficient transmission expansion. With the wrong choice, the unintended consequences could undermine the whole foundation of electricity market restructuring.

Keywords: Business and government policy, Regulation

JEL Classification: O0, O2, N7, Q4

Suggested Citation

Hogan, William W., Transmission Market Design (October 2003). Available at SSRN: https://ssrn.com/abstract=453483 or http://dx.doi.org/10.2139/ssrn.453483

William W. Hogan (Contact Author)

Harvard University - Harvard Kennedy School (HKS) ( email )

79 John F. Kennedy Street
Cambridge, MA 02138
United States
617-495-1317 (Phone)
617-495-1635 (Fax)

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