Similar Search Results

Manipulated, Misled, Ignored, Abused: Residential Consumer Experience with Electric Deregulation in the United Kingdom

Jewell, Kevin - EconWPA - 2004

jumped after deregulation, and new types of complaints such as unauthorized switching of service (“slamming”) arose. Failure … existing customer base. Higher prices for low- income consumers: Since deregulation begain in 1990, there has been a marked …

Persistent link: https://www.econbiz.de/10005076594

Modeling Electricity Auctions

Harbord, David; Fabra, Natalia; Fehr, Nils-Henrik von der - EconWPA - 2002

The recent debates over discriminatory versus uniform-price auctions in the UK and elsewhere have revealed an incomplete understanding of the limitations of some popular auction models when applied to real-world electricity markets. This has led certain regulatory authorities to prefer...

Persistent link: https://www.econbiz.de/10005407509

The Fall in British Electricity Prices: Market Rules, Market Structure, or Both?

Fabra, Natalia; Toro, Juan - EconWPA - 2003

In this paper we investigate the factors contributing to the fall in the Lerner Index (price-cost margin) in the British electricity market during the 90s. A first stage of our analysis models the number of breaks in the Lerner Index and their dating as unknowns. Our results suggest the...

Persistent link: https://www.econbiz.de/10005412900

Price Wars and Collusion in the Spanish Electricity Market

Fabra, Natalia; Toro, Juan - EconWPA - 2002

\We analyze the time-series of prices in the Spanish electricity market by means of a time varying-transition-probability Markov switching model. Accounting for changes in demand and cost conditions (which reflect changes in input costs, capacity availability and hydro power), we show that the...

Persistent link: https://www.econbiz.de/10005412904

Privatization, Corporate Control and Regulatory Reform: The case of Telefonica

Bel, Germa; Trillas, Francesc - EconWPA - 2004

This study analyzes the interaction of agency problems in public policy and of agency problems inside the firm: it investigates the case of a large privatized firm subject to many policy constraints. The last steps of Telefonica's privatization were designed to promote a disperse ownership and...

Persistent link: https://www.econbiz.de/10005413213

FORECASTING SPOT ELECTRICITY PRICES WITH TIME SERIES MODELS

Weron, Rafal; Misiorek, Adam - EconWPA - 2005

In this paper we study simple time series models and assess their forecasting performance. In particular we calibrate ARMA and ARMAX (where the exogenous variable is the system load) processes. Models are tested on a time series of California power market system prices and loads from the period...

Persistent link: https://www.econbiz.de/10005556334

Deregulation, Restructuring and Changing R&D Paradigms in the US Electric Utility Industry

Sanyal, Paroma; Cohen, Linda R. - EconWPA - 2005

This paper studies the impact of electricity deregulation and restructuring on research and development (R …&D) expenditures of investor owned utilities. The differing pace of deregulation in the fifty states provides heterogeneity in … of selection and intensity. The primary findings are: First, greater deregulation and competition has a positive effect …

Persistent link: https://www.econbiz.de/10005561429

Powering a Green Progress: The Effect of Electricity Deregulation on Environmental Research

Sanyal, Paroma - EconWPA - 2005

characteristics and the “greenness” of the state, deregulation decreases such R&D expenditure, while effective competition increases …

Persistent link: https://www.econbiz.de/10005561451

Vertical Restructuring of the Infrastructure Sectors of Transition Economies

Pittman, Russell - EconWPA - 2001

One important determinant of the speed and success of transition will be the efficiency of transformation and development of the infrastructure sectors. A great deal of attention has been paid to issues such as privatisation, restructuring, user prices, and terms of access in these sectors,...

Persistent link: https://www.econbiz.de/10005134435

Designing Electricity Auctions

Fabra, Natalia; Fehr, Nils-Henrik von der; Harbord, David - EconWPA - 2002

Motivated by the new auction format introduced in the England and Wales electricity market, as well as the recent debate in California, we characterize bidding behavior and market outcomes in uniform and discriminatory electricity auctions. We find that uniform auctions result in higher average...

Persistent link: https://www.econbiz.de/10005135073