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Design of New England’s Wholesale Electricity Market - page 21 / 42

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21

Reveal Market Prices Only

Risk of tacit collusion

Top-two firms control over 50% of market; 65% of bid knowledge

Hydro, TMSR, AGC are even more concentrated

Market is repeated daily

Efficiency gains from extra information not too large

Establish independent market surveillance committee with access to all bids

Can make reports and recommendations without approvals from the ISO or NEPOOL

Have plan in place for analyzing bids to identify market power problems

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