The electricity industry in the US today is at a crossroads. The restructuring debate going on in most regions has made it clear that the traditional model of vertically integrated firms serving defined franchise areas and regulated by state commissions may not be the pattern for the future. The...

At the end of the driest year on record, California faces water shortages whose impacts will be felt with progressive severity through the summer and fall of 1977. Electric power is not entirely exempt from these impacts and could, if severly affected, compound the direct distresses of the...

The long-term wholesale electricity market is becoming increasingly competitive. Bidding for power contracts has become a dominant form of competition in this sector. The prices which emerge from this process have not been documented and compared in a systematic framework. This paper introduces...