Narrow search
Showing 1 - 10 of 958
Cover Image
The Competitive Effects of Transmission Capacity in a Deregulated Electricity Industry
Borenstein, Severin - 1997
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/10012472520
Cover Image
Merchant Transmission Investment
Joskow, Paul - 2003
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/10012469168
Cover Image
The Competitive Effects of Transmission Infrastructure in the Indian Electricity Market
Ryan, Nicholas - 2017
India, seeking to reduce electricity shortages, set up a new power market, in which transmission constraints sharply limit trade between regions. I use confidential bidding data to estimate the costs of power supply and simulate market outcomes with more transmission capacity. I find that the...
Persistent link: https://www.econbiz.de/10012455575
Cover Image
Regulation of Access, Pricing, and Planning of High Voltage Transmission in the U.S.
De Losa, Joe; Pfeifenberger, Johannes P.; Joskow, Paul L. - National Bureau of Economic Research - 2024
The U.S. regulation of high-voltage transmission is highly complex and, as a result, generally poorly understood. The complexity is created by separate, but overlapping, jurisdictional authorities of the U.S. federal regulators and those of individual states, districts, and territories. While...
Persistent link: https://www.econbiz.de/10014512108
Cover Image
Electricity Price Distributions in Future Renewables-Dominant Power Grids and Policy Implications
Mallapragada, Dharik S.; Junge, Cristian; Wang, Cathy Xun; … - National Bureau of Economic Research - 2021
Future electricity systems with tight constraints on carbon emissions will rely much more on wind and solar generation, with zero marginal cost, than today. We use capacity expansion modelling of Texas in 2050 to illustrate wholesale price distributions in future energy-only, carbon-constrained...
Persistent link: https://www.econbiz.de/10012696419
Cover Image
Vertical Arrangements, Market Structure, and Competition An Analysis of Restructured U.S. Electricity Markets
Bushnell, James B. - 2007
This paper examines vertical arrangements in electricity markets. Vertically integrated wholesalers, or those with long-term contracts, have less incentive to raise wholesale prices when retail prices are determined beforehand. For three restructured markets, we simulate prices that define...
Persistent link: https://www.econbiz.de/10012465139
Cover Image
Long-Term Resource Adequacy in Wholesale Electricity Markets with Significant Intermittent Renewables
Wolak, Frank A. - National Bureau of Economic Research - 2021
Growing amounts of intermittent renewable generation capacity substantially increases the complexity of determining whether sufficient energy will be available to meet hourly demands throughout the year. As the events of August 2020 in California and February 2021 in Texas demonstrate, supply...
Persistent link: https://www.econbiz.de/10012599323
Cover Image
Blackouts in the Developing World : The Role of Wholesale Electricity Markets
Jha, Akshaya; Preonas, Louis; Burlig, Fiona - National Bureau of Economic Research - 2021
Blackouts impose substantial economic costs in developing countries. This paper advances a new explanation for their continued prevalence: unlike in high-income countries, where regulatory mandates require utilities to satisfy all electricity demand, utilities in developing countries respond to...
Persistent link: https://www.econbiz.de/10012794637
Cover Image
Costly Blackouts? Measuring Productivity and Environmental Effects of Electricity Shortages
Fisher-Vanden, Karen - 2012
In many countries, unreliable inputs, particularly those lacking storage, can significantly limit a firm's productivity. In the case of an increasing frequency of blackouts, a firm may change factor shares in a number of ways. It may decide to self generate electricity, to purchase intermediate...
Persistent link: https://www.econbiz.de/10012460917
Cover Image
U.S Electric Utility Adaptation to Natural Disasters Shocks and Green Power Mandates
Huang, Robert; Kahn, Matthew E. - National Bureau of Economic Research - 2022
Access to electricity is a crucial determinant of quality of life and productivity. The United States has a highly reliable electricity grid but it faces new resilience challenges posed by more intense natural disasters and rising state level green power requirements. Using a U.S electric...
Persistent link: https://www.econbiz.de/10013435145