Abstract
The possibility of non-market-clearing situations in power systems implies that there is a positive social externality associated with construction of capacity or reduction in peak load. In deciding whether and how to internalize this externality, the policy debate should focus on determining the optimal level of reliability and the best way to achieve it.
| Original language | English |
|---|---|
| Pages (from-to) | 52-60 |
| Number of pages | 9 |
| Journal | Electricity Journal |
| Volume | 9 |
| Issue number | 10 |
| DOIs | |
| Publication status | Published - Dec 1996 |
ASJC Scopus subject areas
- Business and International Management
- Management of Technology and Innovation
- Law