Narrow search
Showing 1 - 10 of 470
Cover Image
Merchant Transmission Investment
Joskow, Paul L.; Tirole, Jean - 2021
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/10013218795
Cover Image
The Competitive Effects of Transmission Capacity in a Deregulated Electricity Industry
Borenstein, Severin; Bushnell, James; Stoft, Steven - 2021
capacity on competition among" generators. We show that there may be no relationship between the effect of a transmission line …" in spurring competition and the actual electricity that flows on the line. We then investigate the" equilibria that are … relatively small investments in transmission may yield surprisingly large" payoffs in terms of increased competition …
Persistent link: https://www.econbiz.de/10013240555
Cover Image
Migration, Congestion Externalities, and the Evaluation of Spatial Investments
Dinkelman, Taryn - 2015
The direct benefits of infrastructure in developing countries can be large, but if new infrastructure induces in-migration, congestion of other local publicly provided goods may offset the direct benefits. Using the example of rural household electrification in South Africa, we demonstrate the...
Persistent link: https://www.econbiz.de/10013030141
Cover Image
A Quantitative Analysis of Pricing Behavior in California'S Wholesale Electricity Market During Summer 2000
Joskow, Paul L.; Kahn, Edward - 2021
We simulate competitive benchmark wholesale prices for electricity in California during the summer of 2000, taking account of changes in natural gas prices, electricity demand, and imports of electricity from other states during this time period. We also examine the impact of changes in the...
Persistent link: https://www.econbiz.de/10013233014
Cover Image
Biases in Static Oligopoly Models? Evidence from the California Electricity Market
Kim, Dae-Wook; Knittel, Christopher R. - 2021
identify industry competition and marginal cost levels by estimating the firms' first order condition within a conjectural …
Persistent link: https://www.econbiz.de/10013234077
Cover Image
Wealth Transfers from Implementing Real-Time Retail Electricity Pricing
Borenstein, Severin - 2021
Adoption of real-time electricity pricing %u2014 retail prices that vary hourly to reflect changing wholesale prices %u2014 removes existing cross-subsidies to those customers that consume disproportionately more when wholesale prices are highest. If their losses are substantial, these customers...
Persistent link: https://www.econbiz.de/10013213462
Cover Image
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
Cover Image
The Smart Grid, Entry, and Imperfect Competition in Electricity Markets
Allcott, Hunt - 2014
Most US consumers are charged a near-constant retail price for electricity, despite substantial hourly variation in the wholesale market price. The Smart Grid is a set of emerging technologies that, among other effects, will facilitate "real-time pricing" for electricity and increase price...
Persistent link: https://www.econbiz.de/10013066116
Cover Image
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
Cover Image
Trading Inefficiencies in California'S Electricity Markets
Borenstein, Severin; Bushnell, James; Knittel, … - 2021
We study price convergence between the two major markets for wholesale electricity in California from their deregulation in April 1998 through November 2000, nearly the end of trading in one market. We would expect profit-maximizing traders to have eliminated persistent price differences between...
Persistent link: https://www.econbiz.de/10013218707