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

• Published in: The Electricity journal Vol. 10; no. 7; pp. 56 - 60
• Main Author: Kirshner, Daniel
• Format: Journal Article
• Language: English
• Published: Seattle Elsevier Inc 01.08.1997; Elsevier Science - Camby and West; Elsevier; Elsevier Science Ltd
• Series: The 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

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?