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Why Does California Need a New Market Design?

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Summary:


MRTU Fast Facts. Why Does California Need a New Market Design?


Extract:

The original ISO market design has been improved upon, but still contains inefficiencies that can make the electricity market vulnerable to manipulation. The energy crisis of 2000/2001 brought some of these flaws to the surface. The Market Redesign and Technology Upgrade (MRTU) is central to providing the framework for reliable operations of the grid in the long run.


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