February 4, 2005
All rights reserved to Shmuel Oren, UC Berkeley
PSERC
Alternative
Approaches to Automatic
Market Mitigation
nDamage control offer
caps
nExclusion from price
setting
nOut of merit (OOM)
dispatch and RMR dispatch
nMust offer
requirements
nMitigation
of offers based on conduct and impact
test of individual bidders (NYISO)
nMitigation based on
market failure tests (bid sufficiency,
pivotal bidder, hockey stick) (ERCOT)