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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/10012775794
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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/10012775796
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Vertical Arrangements, Market Structure, and Competition an Analysis of Restructured U.S. Electricity Markets
Bushnell, James - 2007
dramatically affect estimated market outcomes. Had regulators impeded vertical arrangements (as in California), our simulations …
Persistent link: https://www.econbiz.de/10012775797
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Spillovers from Ancillary Services to Wholesale Energy Markets
Buchsbaum, Jesse; Hausman, Catherine; Mathieu, Johanna; … - 2022
In electricity markets, generators are rewarded both for providing energy and for enabling grid reliability. The two functions are compensated with two separate payments: energy market payments and ancillary services market payments. We provide evidence of changes in the generation mix in the...
Persistent link: https://www.econbiz.de/10014091103
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Estimating the Impact of Restructuring on Electricity Generation Efficiency : The Case of the Indian Thermal Power Sector
Cropper, Maureen - 2011
We examine the impact of electricity sector restructuring on the operating efficiency of coal-fired power plants in India. Between 1995 and 2009, 85 percent of coal-based generation capacity owned by state governments was unbundled from vertically integrated State Electricity Boards into state...
Persistent link: https://www.econbiz.de/10013120321
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Deregulation, Consolidation, and Efficiency : Evidence from U.S. Nuclear Power
Davis, Lucas W. - 2011
markets. Deregulation has been accompanied by substantial market consolidation and today the three largest companies control … more than one-third of all U.S. nuclear capacity. We find that deregulation and consolidation are associated with a 10 …
Persistent link: https://www.econbiz.de/10013121046
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When Does Regulation Distort Costs? Lessons from Fuel Procurement in U.S. Electricity Generation
Cicala, Steve - 2014
techniques relative to matched plants that were not subject to any regulatory change. Deregulation also led to a shift toward …
Persistent link: https://www.econbiz.de/10013054040
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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/10013023689
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The Competitive Effects of Transmission Capacity in a Deregulated Electricity Industry
Borenstein, Severin; Bushnell, James; Stoft, Steven - 2021
area of dominance. This" analysis is applied to a model of California's forthcoming deregulated electricity market. Our …
Persistent link: https://www.econbiz.de/10013240555
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California'S Electricity Crisis
Joskow, Paul L. - 2021
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/10013218084