Review of the Structure of Bulk Power Markets

Publication Type

Report

Date Published

12/1999

Abstract

Historically, the bulk power market structure was dominated by vertically integrated utilities granted monopoly franchise service territories. Performance, both economic and reliability, was judged in a holistic fashion by regulators who approved tariffs that customers were obligated to pay. Restructuring seeks to introduce competition into electric power markets in order to improve economic efficiency. The impact of these changes on reliability is the subject of this report.

Series Title

CERTS Grid of the Future Project Team

Year of Publication

1999

Pagination

62

Institution

Oak Ridge National Laboratory
Research Areas