We study price convergence between the two major markets for wholesale electricity in
California from their deregulation in April 1998 through November 2000, nearly the end of …

For two years prior to the collapse of California's restructured electricity market, power traded
in both a forward and a spot market for delivery at the same times and locations …

Effective competition in wholesale electricity markets is a necessary feature of a successful
electricity supply industry restructuring. We examine the degree of competition in the …

For two years prior to the collapse of California's restructured electricity market, power traded
in both a forward and a spot market for delivery at the same times and locations …

As with other commodities, electricity is often traded on both forward and spot markets. This
was initially true in the restructured California electricity ndustry from 1998 to 2000. Though …

Effective competition in wholesale electricity markets is the cornerstone of the deregulation
of the electricity generation industry. We examine the degree of competition in the California …

We believe that the evidence suggests the wholesale electricity market operated with
surprising efficiency under difficult circumstances and that regulators should not take the …

Effective competition in wholesale electricity markets is a necessary feature of a sucT cessful
electricity supply industry restructuring. We examine the degree of competition in the …

Beginning in June of 2000, electricity prices rose in California to previously unprecedented
and unexpected levels. Even more surprisingly, prices were high for sustained periods, not …