accrue to electricity generators. Using natural gas prices as a proxy for generators’ surplus, we find railroads charge …, distributional effects have been more difficult to assess. In the electricity sector, deregulation has vastly increased information … railroads that transport coal from mines to power plants, use this information to capture economic rents that would otherwise …

subsidized entry of wind power in the Nordic electricity market. A relatively small-scale entry of renewables leads to a large … the total electricity market expenditures. The subsidies generate net gains to consumers. We develop an approach to …

We investigate the displacement effects of phase-out-of-coal policies in a stylized model of electricity generation and … electricity, some emissions as well as some coal-based electricity ‘leak’ into other countries and the aggregate welfare of the … generate electricity from coal. When electricity is traded, that combined policy prevents the leakage of emissions and coal …

of the electricity market in the U.S. as our case study, we find support for our theoretical predictions. Furthermore, we … investigate the impact this change in procurement contracts has on efficiency. Focusing on coal mines, we find that those selling … coal to plants in restructured markets are significantly more productive than their counterparts working with regulated …

accrue to electricity generators. Using natural gas prices as a proxy for generators’ surplus, we find railroads charge …, distributional effects have been more difficult to assess. In the electricity sector, deregulation has vastly increased information … railroads that transport coal from mines to power plants, use this information to capture economic rents that would otherwise …

When natural gas prices are subject to periodic decoupling from oil prices, for instance due to peak-load pricing … address these issues. Our regime switching model uses price data to infer whether pricing is oil-driven (integrated) or gas …-specific (decoupled). We find that UK natural gas (ICE) and oil (Brent) are cointegrated for the majority of the sample considered (1997 …

We investigate the displacement effects of phase-out-of-coal policies in a stylized model of electricity generation and … electricity, some emissions as well as some coal-based electricity ‘leak’ into other countries and the aggregate welfare of the … generate electricity from coal. When electricity is traded, that combined policy prevents the leakage of emissions and coal …

their electricity production relative to plants in states that chose a fixed allocation. Results find that updating … allocations led to a 5 percentage point increase in capacity factors for natural gas combined cycle generators and no effect or a … modest decrease for coal generators. These findings imply that an updating allocations confers a modest but meaningful …