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Market Failures in Real-Time Metering: A Theoretical Look
Brennan, Timothy - 2002
Restructuring the electricity market may secure efficiencies by moving away from cost-of-service regulation, with typically (but not necessarily) time-invariant prices, and allowing prices to reflect how costs change. Charging "real time" prices requires that electricity use be measured...
Persistent link: https://www.econbiz.de/10005442465
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Preventing Monopoly or Discouraging Competition? The Perils of Price-Cost Tests for Market Power in Electricity
Brennan, Timothy - 2002
Allegations of market power in wholesale electricity sales are typically tested using price-cost margins. Such tests are inherently suspect in markets - such as electricity - that are subject to capacity constraints. In such markets, prices can vary with demand while quantity, and thus cost...
Persistent link: https://www.econbiz.de/10005448647
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Benchmarking heterogeneous distribution system operators: Evidence from Norway
Elias, George - 2016
Regulatory authorities in the European electricity sector use benchmarking techniques to determine the cost-efficient production level for an incentive regulation of distribution system operators (DSOs). With nearly 900 DSOs operating in the German electricity sector, of which 200 subject to...
Persistent link: https://www.econbiz.de/10011583292
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Energy Efficiency Resource Standards: Economics and Policy
Brennan, Timothy J.; Palmer, Karen - 2012
investment, or reducing peak de¬mand absent real-time prices. If reducing energy use is a policy goal, one could use energy taxes …
Persistent link: https://www.econbiz.de/10009651749
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Putting a Floor on Energy Savings: Comparing State Energy Efficiency Resource Standards
Palmer, Karen; Grausz, Samuel; Beasley, Blair; Brennan, Tim - 2012
Energy efficiency resource standards (EERS) refer to policies that require utilities and other covered entities to achieve quantitative goals for reducing energy use by a certain year. EERS policies generally apply to electricity and natural gas sales and electricity peak demand, though they...
Persistent link: https://www.econbiz.de/10009651750
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Energy Efficiency Policy: Surveying the Puzzles
Brennan, Timothy J. - 2011
Promoting energy efficiency (EE) has become a leading policy response to greenhouse gas emissions, energy dependence, and the cost of new generators and transmission lines. Such policies present numerous puzzles. Electricity prices below marginal production costs could warrant EE policies if EE...
Persistent link: https://www.econbiz.de/10009393287
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Assessing the Energy-Efficiency Information Gap: Results from a Survey of Home Energy Auditors
Palmer, Karen; Walls, Margaret; Gordon, Hal; Gerarden, Todd - 2011
Commercial and residential buildings are responsible for 42 percent of all U.S. energy consumption and 41 percent of U.S. CO2 emissions. Engineering studies identify several investments in new enegy-efficiency equipment or building retrofits that would more than pay for themselves in terms of...
Persistent link: https://www.econbiz.de/10009393297
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Regulating Greenhouse Gases from Coal Power Plants under the Clean Air Act
Linn, Joshua; Mastrangelo, Erin; Burtraw, Dallas - 2012
The Clean Air Act has assumed the central role in U.S. climate policy, directing the Environmental Protection Agency to develop regulations governing the emissions of greenhouse gases from existing coal-fired power plants. The cost and environmental effectiveness of policy options depend on...
Persistent link: https://www.econbiz.de/10009647776
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For the Benefit of California Electricity Ratepayers: Electricity Sector Options for the Use of Allowance Value Created under California’s Cap-and-Trade Program
Burtraw, Dallas; McLaughlin, David; Szambelan, Sarah Joh - 2012
California will implement a cap-and-trade program to limit emissions of carbon dioxide covering industry and electricity sector emissions in 2013, expanding to cover transportation and natural gas in 2015. Although cap-and-trade would increase annual electricity costs for the average customer by...
Persistent link: https://www.econbiz.de/10010556840
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Designing Renewable Electricity Policies to Reduce Emissions
Fell, Harrison; Linn, Joshua; Munnings, Clayton - 2012
A variety of renewable electricity policies to promote investment in wind, solar, and other types of renewable … generators exist across the United States. The federal renewable energy investment tax credit, the federal renewable energy … generators depends on the generation and investment it displaces. Second, a large increase in renewable generation can reduce …
Persistent link: https://www.econbiz.de/10010643000