A key issue in the design of competitive wholesale power markets is whether the market will provide adequate incentives for investment in new plants given the greater risk in a deregulated market. Five related issues are discussed. Trends in power plant construction, whether market structure influences plant construction, the potential for a bust cycle in plant construction, what is required for appropriate balancing of supply and demand, and US West Coast power markets in Summer 2000
Published in:
Power Engineering Society Winter Meeting, 2001. IEEE
(Volume:1
)
Date of Conference: 28 Jan-1 Feb 2001