hal@finney.org said:
> Is there other evidence available that the California markets actually
> follow this highest-price-of-the-day policy?
http://reason.com/ml/ml010401.html
I'll try to contact Michael Lynch and see what his evidence was. I thought
I had heard this before I saw this article, but as you point out that could
just be due to contagious misinformation.
If this isn't the case, what alternative hypothesis explains the role of
the $150/MWh price cap?
Chris
---
Chris Hibbert It is easy to turn an aquarium into fish soup, but
hibbert@netcom.com not so easy to turn fish soup back into an aquarium.
-- Lech Walesa on reverting to a market economy.
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