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Article
Uniform Pricing or Pay-as-Bid Pricing: A Dilemma for California and Beyond
Electricity Journal (2001)
  • Peter Cramton, University of Maryland
  • Alfred E. Kahn, Cornell University
  • Robert H. Porter, Northwestern University
  • Richard D. Tabors
Abstract

Any belief that a shift from uniform to as-bid pricing would provide power purchasers substantial relief from soaring prices is simply mistaken. The immediate consequence of its introduction would be a radical change in bidding behavior that would introduce new inefficiencies, weaken competition in new generation, and impede expansion of capacity.

Publication Date
July, 2001
Citation Information
Peter Cramton, Alfred E. Kahn, Robert H. Porter and Richard D. Tabors. "Uniform Pricing or Pay-as-Bid Pricing: A Dilemma for California and Beyond" Electricity Journal Vol. 14 Iss. 6 (2001)
Available at: http://works.bepress.com/cramton/53/