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The Value of Transmission in Electricity Markets : Evidence from a Nuclear Power Plant Closure
Davis, Lucas W. - 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/10013053145
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Level Versus Variability Trade-Offs in Wind and Solar Generation Investments : The Case of California
Wolak, Frank - 2016
Hourly plant-level wind and solar generation output and real-time price data for one year from the California ISO control area is used to estimate the vector of means and the contemporaneous covariance matrix of hourly output and revenues across all wind and solar locations in the state. Annual...
Persistent link: https://www.econbiz.de/10012985578
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The Performance of U.S. Wind and Solar Generating Units
Schmalensee, Richard - 2013
Government subsidies have driven rapid growth in U.S. wind and solar generation. Using data on hourly outputs and prices for 25 wind and nine solar generating plants, some results of those subsidies are studied in detail: the value of these plants' outputs, the variability of output at plant and...
Persistent link: https://www.econbiz.de/10013074906
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Probability Assessments of an Ice-Free Arctic : Comparing Statistical and Climate Model Projections
Diebold, Francis X.; Rudebusch, Glenn D. - 2022
The downward trend in the amount of Arctic sea ice has a wide range of environmental and economic consequences … provide statistical forecasts of Arctic sea ice extent during the rest of this century. The best fitting statistical model … global climate models foresee a gradual slowing of Arctic sea ice loss even in scenarios with high carbon emissions. Our long …
Persistent link: https://www.econbiz.de/10014089912
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The Private and Public Economics of Renewable Electricity Generation
Borenstein, Severin - 2011
Generating electricity from renewable sources is more expensive than conventional approaches, but reduces pollution externalities. Analyzing the tradeoff is much more challenging than often presumed, because the value of electricity is extremely dependent on the time and location at which it is...
Persistent link: https://www.econbiz.de/10013117204
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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 …
Persistent link: https://www.econbiz.de/10013120321
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Is Real-Time Pricing Green? The Environmental Impacts of Electricity Demand Variance
Holland, Stephen P. - 2014
Real-time pricing (RTP) of electricity would improve allocative efficiency and limit wholesalers' market power. Conventional wisdom claims that RTP provides additional environmental benefits. This paper argues that RTP will reduce the variance, both within- and across-days, in the quantity of...
Persistent link: https://www.econbiz.de/10012751772
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The Guy at the Controls : Labor Quality and Power Plant Efficiency
Bushnell, James B. - 2013
This paper examines the impact of individual human operators on the fuel efficiency of power plants. Although electricity generation is a fuel and capital intensive enterprise, anecdotal evidence, interviews, and empirical analysis support the hypothesis that labor, particularly power plant...
Persistent link: https://www.econbiz.de/10012753893
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The Private and External Costs of Germany's Nuclear Phase-Out
Jarvis, Stephen - 2019
lost nuclear electricity production due to the phase-out was replaced primarily by coal-fired production and net … electricity imports. The social cost of this shift from nuclear to coal is approximately 12 billion dollars per year. Over 70% of …
Persistent link: https://www.econbiz.de/10012857668
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Prospects for Nuclear Power
Davis, Lucas W. - 2011
The prospects for a revival of nuclear power were dim even before the partial reactor meltdowns at the Fukushima nuclear plant. Nuclear power has long been controversial because of concerns about nuclear accidents, proliferation risk, and the storage of spent fuel. These concerns are real and...
Persistent link: https://www.econbiz.de/10013117387