Abstract
Wholesale electricity market assessment frameworks from the US provide a useful perspective for Mexico’s new electricity market. First, an institutional economics analysis of strengths and weaknesses of Mexico’s ISO (CENACE) provides a foundation for market assessment. Then, assessment frameworks used by US regulators studied herein for wholesale market operators highlight a framework for minimum necessary characteristics of electricity market products for application in Mexico’s wholesale market. Such institutional frameworks could serve as future performance measures in CENACE, independent of the electricity policy model.
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