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Table 3 Vulnerability of a Power Pool to Gaming

1
Electricity cannot be stored.
2
Demand is relatively inelastic
3
Wholesale demand is relatively predictable
4
Power plants do not have continuously varying variable costs.
5
Markets are defined in time and space.
6
Must-run plants are run out of merit due to locational and technical characteristics.
7
Regulatory intervention affects competitiveness of pools.