It takes the average reader and 51 minutes to read Diagnosing Market Power in California's Deregulated Wholesale Electricity Market by Severin Bornstein
Assuming a reading speed of 250 words per minute. Learn more
Examines the degree of competition in the Cal. wholesale electricity market during the period June 1998 to Sep. 1999 by comparing the market prices with estimates of the prices that would have resulted if owners of instate fossil fuel generating facilities behaved as price takers. There were significant departures from competitive pricing and these departures are most pronounced during the highest demand periods, which tend to occur during the months of July-Sep. Through most of the winter and spring of 1999 there was little evidence of the exercise of market power. The exercise of market power raised the cost of power purchases by about 16% above the competitive level.
Diagnosing Market Power in California's Deregulated Wholesale Electricity Market by Severin Bornstein is 51 pages long, and a total of 12,801 words.
This makes it 17% the length of the average book. It also has 16% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes 1 hour and 9 minutes to read Diagnosing Market Power in California's Deregulated Wholesale Electricity Market aloud.
Diagnosing Market Power in California's Deregulated Wholesale Electricity Market is suitable for students ages 8 and up.
Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.
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