Monthly Archives: April 2018

What is Shortage Pricing and Why is it Essential in Competitive Electricity Markets?

In centrally-organized electricity spot markets, resources are scheduled and dispatched to meet anticipated demand plus a margin of operating reserves.  When energy demand is met and operating reserves are maintained, the system is secure.  At times, due either to unanticipated demand or resource outages, the system is in shortage and does not have resources available...