Using Auctions to Divest Generation Assets
Lisa J. Cameron, Peter Cramton and Robert Wilson
,
10
(
10
)
The Electricity Journal
22-31
December
1997
Abstract
In most states, ratepayers will compensate utilities for their stranded costs, so these costs must be measured accurately and in a way that is easily understood by all concerned parties. Here we describe the options for measuring stranded costs and argue that a simultaneous ascending auction is the best approach.
