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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

Electricity Price Distributions in Future Renewables-Dominant Power Grids and Policy Implications

Mallapragada, Dharik S.; Junge, Cristian; Wang, Cathy Xun; … - National Bureau of Economic Research - 2021

Future electricity systems with tight constraints on carbon emissions will rely much more on wind and solar generation, with zero marginal cost, than today. We use capacity expansion modelling of Texas in 2050 to illustrate wholesale price distributions in future energy-only, carbon-constrained...

Persistent link: https://www.econbiz.de/10012696419

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

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

Merchant Transmission Investment

Joskow, Paul - 2003

We examine the performance attributes of a merchant transmission investment framework that relies on market driven' transmission investment to provide the infrastructure to support competitive wholesale markets for electricity. Under a stringent set of assumptions, the merchant investment model...

Persistent link: https://www.econbiz.de/10012469168

The Redistributional Impact of Non-linear Electricity Pricing

Borenstein, Severin - 2010

, so perhaps nowhere is the conflict between efficiency and distributional goals greater than in the use of IBP. California …

Persistent link: https://www.econbiz.de/10012462829

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

The Efficiency and Distributional Effects of Alternative Residential Electricity Rate Designs

Burger, Scott P. - 2019

Electricity tariffs typically charge residential users a volumetric rate that covers the bulk of energy, transmission, and distribution costs. The resulting prices, charged per unit of electricity consumed, do not reflect marginal costs and vary little across time and space. The emergence of...

Persistent link: https://www.econbiz.de/10012479523

Who Will Pay for Legacy Utility Costs?

Davis, Lucas W.; Hausman, Catherine - National Bureau of Economic Research - 2021

The growing "electrify everything" movement aims to reduce carbon dioxide emissions by transitioning households and firms away from natural gas toward electricity. This paper considers what this transition means for the customers who are left behind. Like most natural monopolies, natural gas...

Persistent link: https://www.econbiz.de/10012585439

What Matters for Electrification? Evidence from 70 Years of U.S. Home Heating Choices

Davis, Lucas W. - National Bureau of Economic Research - 2021

The percentage of U.S. homes heated with electricity has increased steadily from 1% in 1950, to 8% in 1970, to 26% in 1990, to 39% in 2018. This paper investigates the key determinants of this increase in electrification using data on heating choices from millions of U.S. households over a...

Persistent link: https://www.econbiz.de/10012482542