February 4, 2005
All rights reserved to Shmuel Oren, UC Berkeley
PSERC
Hockey
Stick Mitigation
in Texas
(Adopted by the PUCT May 2003)
in Texas
(Adopted by the PUCT May 2003)
nIf balancing bid stack
is exhausted, set clearing price based on 95% of offer stack
nMitigated MCPE = 95%
price point X 1.5
nOffers at prices above
mitigated MCPE paid as bid
nSunshine policy:
disclose identity of offerers above $300/MWh (“Sunshine is the
best disinfectant”)