Engineering
4 years ago

Preventing Wholesale Market Meltdowns: Lessons from International Experience

World Bank policy research working paper
Lessons From International Experience With Electricity Market Monitoring
Frank A. Wolak

Paper Summary

The electricity supply industry needs market monitoring for efficient wholesale markets. Antitrust laws alone are not enough. International experiences show that market failures in electricity markets can harm consumers. Market monitoring can prevent wholesale market meltdowns.

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