Hadley, S.; Hirst, E. - 2009
prices for two geographical regions for a single year. Bulk-power trading is allowed between the two regions and market … clearing prices are determined based on marginal costs. The authors used this model, ORCED, to evaluate the market price of … regulators in the Northwest, generation prices would increase 1.1 {cents}/kWh on average, from 1.91 {cents}/kWh for the regulated …