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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 has a remarkable set of attributes that appear to solve the natural …
Persistent link: https://www.econbiz.de/10012469168
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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 … are not synchronized with the larger regional grid. We summarize this complex structure of transmission regulation in the …
Persistent link: https://www.econbiz.de/10014512108
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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
incentives for optimal investment in VRE generation and, particularly, storage. In order to encourage economy … wholesale spot price is low. We discuss ways of reducing consumers' risk in this world while providing adequate investment …
Persistent link: https://www.econbiz.de/10012696419
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Bridging the Gaps : The Impact of Interregional Transmission on Emissions and Reliability
Botterud, Audun; Knittel, Christopher R.; Parsons, John E. - National Bureau of Economic Research - 2024
The substantial decline in the cost of wind and solar generation over recent decades has significantly altered the energy landscape. With these technologies becoming economically viable, even without stringent decarbonization policies, the role of interregional transmission has become...
Persistent link: https://www.econbiz.de/10015072937
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Using Satellite Imagery and Machine Learning to Estimate the Livelihood Impact of Electricity Access
Ratledge, Nathan; Cadamuro, Gabriel; Cuesta, Brandon de la - National Bureau of Economic Research - 2021
impact of a key infrastructure investment, and provide a low-cost, generalizable approach to future policy evaluation in data …
Persistent link: https://www.econbiz.de/10012629457
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Decarbonization and Electrification in the Long Run
Holland, Stephen P.; Mansur, Erin; Yates, Andrew J. - National Bureau of Economic Research - 2022
Decarbonization and electrification will require a transformed electricity grid. Our long-run model of entry and exit of generation and storage capacity captures crucial aspects of the electricity industry such as time-varying demand for electricity, intermittency of renewables, and...
Persistent link: https://www.econbiz.de/10013210110
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Transmission Impossible? Prospects for Decarbonizing the US Grid
Davis, Lucas W.; Hausman, Catherine; Rose, Nancy L. - National Bureau of Economic Research - 2023
current levels of annual investment are well below what would be required for a renewables-dominated system. We describe a …
Persistent link: https://www.econbiz.de/10014322765
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The Competitive Effects of Transmission Capacity in a Deregulated Electricity Industry
Borenstein, Severin - 1997
In an unregulated electricity generation market, the degree to which generators in" different locations compete with one another depends on the capacity to transmit electricity" between the locations. We study the impact of transmission capacity on competition among" generators. We show that...
Persistent link: https://www.econbiz.de/10012472520
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What Kinds of Distributed Generation Technologies Defer Network Expansions? Evidence from France
Astier, Nicolas; Iyer, Ramaswamy R.; Wolak, Frank A. - National Bureau of Economic Research - 2021
This paper estimates the relationship between investments in five distributed generation technologies and hourly net injections to the distribution grid for over 2,000 substations in France between 2005 and 2018. We find that investments in distributed wind and solar capacity have little or no...
Persistent link: https://www.econbiz.de/10012533371
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The Value of Transmission in Electricity Markets : Evidence from a Nuclear Power Plant Closure
Davis, Lucas - 2014
Reliable estimates of the value of electricity transmission are critical if these heavily-regulated investments are to be made cost-effectively. In this paper, we exploit the abrupt closure of the San Onofre Nuclear Generating Station (SONGS) in February 2012. During the previous decade, SONGS...
Persistent link: https://www.econbiz.de/10012458479