electric power sector using a cap-and-trade program. This paper assesses the importance of long-term electricity contracts … electricity and a small effect on retail price. States may want to consider contracts on a case-by-case basis when making …

emissions to 1990 levels by 2020. One of the challenges California faces is how the state should regulate the electricity sector …. About 80 percent of the state’s electricity consumption is generated in the state, but about 52 percent of the greenhouse … gas emissions associated with electricity consumption comes from outside the state. The question addressed in this paper …