Siddiqui, Afzal S.; Bartholomew, Emily S.; Marnay, Chris - 2008
stability is threatened. This, then, facilitates many other problems associated with electricity markets, such as market power …Regardless of the form of restructuring, deregulated electricity industries share one common feature: the absence of … any significant, rapid demand-side response to the wholesale (or, spotmarket) price. For a variety of reasons, electricity …