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Design of New England’s Wholesale Electricity Market - page 5 / 42

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5

Properties of Efficient Market Rules

Do the rules send the right price signals?

Do the rules minimize opportunities for gaming?

Do the rules mitigate opportunities for collusive behavior?

Do the rules mitigate market power?

Do the rules reduce entry barriers?

Are the rules compatible with neighboring markets?

Do the rules encourage system reliability?

Are the rules neutral with respect to bilateral transactions?

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