Planning for the New Energy Market
Just as "nature abhors a vacuum", a market abhors surprises. Unanticipated
outcomes discourage participation and invite speculation, and speculation,
as opposed to considered analytics, invites unwanted market dynamics. In
U.S. and U.K. power markets it is widely recognized that deregulation and
liberalization have brought decreased liquidity, increased volatility and,
therefore, increased risk. Read
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