California Power Exchange (CalPX)
California Power Exchange (CalPX) : Now defunct, this independent California agency was responsible for conducting an auction for the generators seeking to sell energy and for loads that are not otherwise being served by bilateral contracts. The CalPX was responsible for scheduling generation in its day-ahead and hour-ahead markets, for determining hourly market-clearing prices, and for settlement and billing for suppliers and utility distribution companies (UDCs) using the PX's market
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