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The Competitive Effects of Transmission Capacity in a Deregulated Electricity Industry
Borenstein, Severin - 1997
capacity on competition among" generators. We show that there may be no relationship between the effect of a transmission line …" in spurring competition and the actual electricity that flows on the line. We then investigate the" equilibria that are … relatively small investments in transmission may yield surprisingly large" payoffs in terms of increased competition …
Persistent link: https://www.econbiz.de/10012472520
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Vertical Arrangements, Market Structure, and Competition An Analysis of Restructured U.S. Electricity Markets
Bushnell, James B. - 2007
This paper examines vertical arrangements in electricity markets. Vertically integrated wholesalers, or those with long-term contracts, have less incentive to raise wholesale prices when retail prices are determined beforehand. For three restructured markets, we simulate prices that define...
Persistent link: https://www.econbiz.de/10012465139
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Retail Electricity Competition
Joskow, Paul L. - 2004
We analyze a number of unstudied aspects of retail electricity competition. We first explore the implications of load … homogeneous up to a scaling factor. In general, the combination of retail competition and load profiling does not yield the second … consumption, retail competition yields the Ramsey prices even when consumers can only partially respond to variations in real time …
Persistent link: https://www.econbiz.de/10012468220
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Reliability and Competitive Electricity Markets
Joskow, Paul L. - 2004
Despite all of the talk about deregulation' of the electricity sector, a large number of non-market mechanisms have been imposed on emerging competitive wholesale and retail markets. These mechanisms include spot market price caps, operating reserve requirements, non-price rationing protocols,...
Persistent link: https://www.econbiz.de/10012468221
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On the Efficiency of Competitive Electricity Markets With Time-Invariant Retail Prices
Borenstein, Severin - 2003
The standard economic model of efficient competitive markets relies on the ability of sellers to charge prices that vary as their costs change. Yet, there is no restructured electricity market in which most retail customers can be charged realtime prices (RTP), prices that can change as...
Persistent link: https://www.econbiz.de/10012468774
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The Competitive Effects of Transmission Infrastructure in the Indian Electricity Market
Ryan, Nicholas - 2017
India, seeking to reduce electricity shortages, set up a new power market, in which transmission constraints sharply limit trade between regions. I use confidential bidding data to estimate the costs of power supply and simulate market outcomes with more transmission capacity. I find that the...
Persistent link: https://www.econbiz.de/10012455575
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The Private and External Costs of Germany's Nuclear Phase-Out
Jarvis, Stephen - 2019
in Germany after the Fukushima accident in 2011. We use hourly data on power plant operations and a novel machine …
Persistent link: https://www.econbiz.de/10012480542
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From Russia with Love : The Impact of Relocated Firms on Incumbent Survival
Falck, Oliver - 2010
Germany was divided after World War II, many firms in the machine tool industry fled the Soviet occupied zone to prevent … expropriation. We show that the regional location decisions of these firms upon moving to western Germany were driven by non … effects are due to increased competition for local resources …
Persistent link: https://www.econbiz.de/10012462515
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On the Feasibility, Costs, and Benefits of an Immediate Phasedown of Coal for U.S. Electricity Generation
Holland, Stephen P.; Kotchen, Matthew J.; Mansur, Erin; … - National Bureau of Economic Research - 2024
The phasedown of coal for electricity generation is considered vital to meeting global climate targets. Many countries have pledged to stop using coal, with some as early as 2030. While the United States has no target currently in place, several states do. In this paper, we examine the...
Persistent link: https://www.econbiz.de/10014512089
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Regulation of Access, Pricing, and Planning of High Voltage Transmission in the U.S.
De Losa, Joe; Pfeifenberger, Johannes P.; Joskow, Paul L. - National Bureau of Economic Research - 2024
The U.S. regulation of high-voltage transmission is highly complex and, as a result, generally poorly understood. The complexity is created by separate, but overlapping, jurisdictional authorities of the U.S. federal regulators and those of individual states, districts, and territories. While...
Persistent link: https://www.econbiz.de/10014512108