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Twenty states in the United States have adopted energy efficiency resource standards (EERS) that specify absolute or per¬centage reductions in energy use relative to business as usual. We examine how an EERS compares to policies oriented to meeting objectives, such as reducing greenhouse gas...
Persistent link: https://www.econbiz.de/10009651749
been much debate about their potential effects on electricity reliability. Only very exceptional circumstances would … trigger supply disruptions; however, the changes may affect electricity prices, the generation mix, and industry revenues …. Coincident with these new rules, expectations about natural gas prices and future electricity demand growth are changing in ways …
Persistent link: https://www.econbiz.de/10010556838
electricity generating fleet than most studies have predicted. …
Persistent link: https://www.econbiz.de/10010643001
The cliché in the electricity sector, the “cheapest power plant is the one we don’t build,” seems to neglect the … monopsony prices. Subsidizing energy efficiency to reduce electricity demand at the margin can solve that problem, if energy … efficiency and electricity use are substitutes. We may not observe these effects if the regulator can set price as well as …
Persistent link: https://www.econbiz.de/10008458091
Among the many complex issues of technology, governance, and market design affecting the electricity sector, climate …
Persistent link: https://www.econbiz.de/10008458092
Storm-related service outages in electricity and telecommunications have created public controversies regarding the …
Persistent link: https://www.econbiz.de/10010693403
An important feature in the design of an emissions trading program is how emissions allowances are initially distributed into the market. In a competitive market the choice between an auction and free allocation should, according to economic theory, not have any influence on firms’ production...
Persistent link: https://www.econbiz.de/10005196903
Under conventional models, subsidizing energy efficiency requires electricity to be priced below marginal cost. Its … benefits increase when electricity prices increase to finance the subsidy. With high prices, subsidies are counterproductive … is only reduced electricity spending, capping revenues from energy sales may induce a utility to substitute efficiency …
Persistent link: https://www.econbiz.de/10008552101
The cliché in the electricity sector, the "cheapest power plant is the one we don’t build," seems to neglect the … monopsony prices. Subsidizing energy efficiency to reduce electricity demand at the margin can solve that problem, if energy … efficiency and electricity use are substitutes. We may not observe these effects if the regulator can set price as well as …
Persistent link: https://www.econbiz.de/10008552103
Among the many complex issues of technology, governance, and market design affecting the electricity sector, climate …
Persistent link: https://www.econbiz.de/10008552105