Did power marketers cripple the California power exchange? A response to Steven Stoft

It makes sense to view the PX as a necessary and useful device during the transition to competition, but no more. It should be designed to fulfill its functions as best as possible, but after a time the PX's rivals may succeed and the PX may fade from the scene. Is this bad?

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Bibliographic Details
Published inThe Electricity journal Vol. 10; no. 7; pp. 56 - 60
Main Author Kirshner, Daniel
Format Journal Article
LanguageEnglish
Published Seattle Elsevier Inc 01.08.1997
Elsevier Science - Camby and West
Elsevier
Elsevier Science Ltd
SeriesThe Electricity Journal
Subjects
Australien
Bids
Competition
Costs
Design
Efficient markets
Electricity
Elektrizitätspolitik
Elektrizitätsversorgung
Generators
Großbritannien
Kalifornien
Marketing
Power marketers
Religious wars
Stock exchanges
United States > US
California
Online AccessGet full text

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Summary:It makes sense to view the PX as a necessary and useful device during the transition to competition, but no more. It should be designed to fulfill its functions as best as possible, but after a time the PX's rivals may succeed and the PX may fade from the scene. Is this bad?
Bibliography:ObjectType-Article-1
SourceType-Scholarly Journals-1
content type line 14
ISSN:1040-6190
1873-6874
DOI:10.1016/S1040-6190(97)80471-X