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Design of New England’s Wholesale Electricity Market - page 3 / 42

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3

Conclusion

Can open markets on December 1st

But improvements are needed for long run success

Switch to a multi-settlement system

Introduce demand-side bidding

Fix pricing of ten minute spinning reserves

Adopt location-based congestion pricing

Must have agreement on concepts and tentative timetable by start date (December 1)

Changes after start date will be more difficult

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