staff report on the state of competitive energy markets progress to date and future opportunities march 2 2006 new york department public service i table contents page executive summary 1 wholesale electric 5 introduction ii in competition 7 prices a changes real b market price 9 c supply pre post restructuring 11 d volatility 12 robustness spot forward ability hedge 13 3 additions generation transmission facilities imports 14 4 integration demand side response improvements generator performance 16 iii design issues related 17 rules transparency 18 system reliability 19 power 21 capacity 23 6 25 regional 27 & natural gas retail 28 s 29 august 2004 statement policy customer protections chapter 686 hefpa 30 development 31 office
