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Vertical Arrangements, Market Structure, and Competition An Analysis of Restructured U.S. Electricity Markets
Bushnell, James B. - 2007
dramatically affect estimated market outcomes. Had regulators impeded vertical arrangements (as in California), our simulations …
Persistent link: https://www.econbiz.de/10012465139
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Long-Term Resource Adequacy in Wholesale Electricity Markets with Significant Intermittent Renewables
Wolak, Frank A. - National Bureau of Economic Research - 2021
California and February 2021 in Texas demonstrate, supply shortfalls can have large economic and public health consequences. An …
Persistent link: https://www.econbiz.de/10012599323
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Energy Hogs and Energy Angels : What Does Residential Electricity Usage Really Tell Us About Profligate Consumption?
Borenstein, Severin - National Bureau of Economic Research - 2024
-hour rises as a household consumes more electricity per month. More recently, in California, opponents of a proposal to lower …
Persistent link: https://www.econbiz.de/10014468223
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The Impact of Market Rules and Market Structure on the Price Determination Process in the England and Wales Electricity Market
Wolak, Frank A. - 2001
can provide for the design of competitive power markets in the US, particularly California, and other countries …
Persistent link: https://www.econbiz.de/10012470476
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Do Oligopolists Pollute Less? Evidence from a Restructured Electricity Market
Mansur, Erin T. - 2007
Electricity restructuring has created the opportunity for producers to exercise market power. Oligopolists increase price by distorting output decisions, causing cross-firm production inefficiencies. This study estimates the environmental implications of production inefficiencies attributed to...
Persistent link: https://www.econbiz.de/10012465135
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Measuring Welfare in Restructured Electricity Markets
Mansur, Erin T. - 2007
Restructuring electricity markets has enabled wholesalers to exercise market power. Using a common method of measuring competitive behavior in these markets, several studies have found substantial inefficiencies. This method overstates actual welfare loss by ignoring production constraints that...
Persistent link: https://www.econbiz.de/10012465137
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Do Markets Reduce Costs? Assessing the Impact of Regulatory Restructuring on U.S. Electric Generation Efficiency
Markiewicz, Kira - 2004
While neoclassical models assume static cost-minimization by firms, agency models suggest that firms may not minimize costs in less-competitive or regulated environments. We test this using a transition from cost-of-service regulation to market-oriented environments for many U.S. electric...
Persistent link: https://www.econbiz.de/10012467686
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California's Electricity Crisis
Joskow, Paul L. - 2001
This paper discusses the political, regulatory and economic factors that led to California's electricity crisis in 2000 … and 2001. It begins with a discussion of the origins of California's electricity restructuring and competition programs … of lessons about electricity market liberalization gained from the recent experience in California …
Persistent link: https://www.econbiz.de/10012470277
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The Competitive Effects of Transmission Capacity in a Deregulated Electricity Industry
Borenstein, Severin - 1997
area of dominance. This" analysis is applied to a model of California's forthcoming deregulated electricity market. Our …
Persistent link: https://www.econbiz.de/10012472520
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The U.S. Electricity Industry After 20 Years of Restructuring
Borenstein, Severin - 2015
Prior to the 1990s, most electricity customers in the U.S. were served by regulated, vertically-integrated, monopoly utilities that handled electricity generation, transmission, local distribution and billing/collections. Regulators set retail electricity prices to allow the utility to recover...
Persistent link: https://www.econbiz.de/10012457553