The Role of the ISO in U.S. Electricity Markets: A Review of Restructuring in California and PJM
Lisa Cameron and Peter Cramton
,
3
(
12
)
The Electricity Journal
71-81
April
1999
Abstract
Despite their design differences, both the California and the Pennsylvania-New Jersey-Maryland markets provide explicit roles for competition in the scheduling functions while allowing the ISO to manage the spot market. Experience has shown that both can work.
