The Impact of FERC Orders on the Value of Bidders in PJM
A study of the responses of share prices of major bidders in the PJM auctions from the mid-1990s through 2006 finds statistically significant effects for some FERC decisions for a portfolio of bidders. In contrast to publicly stated policy objectives, the analysis shows that some FERC decisions significantly raised market expectations regarding the future profitability of bidders.
Year of publication: |
2010
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Authors: | Peters, Lon L. |
Published in: |
The Electricity Journal. - Elsevier, ISSN 1040-6190. - Vol. 22.2010, 7, p. 48-54
|
Publisher: |
Elsevier |
Saved in:
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