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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
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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
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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/10012457824
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Wealth Transfers from Implementing Real-Time Retail Electricity Pricing
Borenstein, Severin - 2005
Adoption of real-time electricity pricing -- retail prices that vary hourly to reflect changing wholesale prices -- removes existing cross-subsidies to those customers that consume disproportionately more when wholesale prices are highest. If their losses are substantial, these customers are...
Persistent link: https://www.econbiz.de/10012467083
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Biases in Static Oligopoly Models? Evidence from the California Electricity Market
Kim, Dae-Wook - 2004
identify industry competition and marginal cost levels by estimating the firms' first order condition within a conjectural …
Persistent link: https://www.econbiz.de/10012467792
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A Quantitative Analysis of Pricing Behavior in California's Wholesale Electricity Market During Summer 2000
Joskow, Paul - 2001
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/10012470569
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Diagnosing Market Power in California's Restructured Wholesale Electricity Market
Borenstein, Severin - 2000
Effective competition in wholesale electricity markets is a necessary feature of a successful electricity supply … industry restructuring. We examine the degree of competition in the California wholesale electricity market during the period …
Persistent link: https://www.econbiz.de/10012470869
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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
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Trading Inefficiencies in California's Electricity Markets
Borenstein, Severin - 2001
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/10012470096
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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/10012457553