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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
Encouraged by the declining cost of grid-scale renewables, recent analyses conclude that the United States could reach net zero carbon dioxide emissions by 2050 at relatively low cost using currently available technologies. While the cost of renewable generation has declined dramatically,...
Persistent link: https://www.econbiz.de/10014322765
Natural gas has replaced coal as the dominant fuel for U.S. electricity generation. However, U.S. states that regulate electric utilities have retired coal more slowly than others. We build a structural model of rate-of-return regulation during an energy transition where utilities face tradeoffs...
Persistent link: https://www.econbiz.de/10014468287
corporations use contracts with shorter duration, shorter increment pricing, and more peak-period sales, and obtain a $2.59 higher …
Persistent link: https://www.econbiz.de/10014635696
Effective and economical expansion of renewable energy is one of the most urgent and important challenges of addressing climate change. However, many countries are facing a problem because existing network infrastructures (i.e., transmission networks) were not originally built to accommodate...
Persistent link: https://www.econbiz.de/10013210044
This paper studies the operations and financial valuations of 13 cryptocurrency mining companies that are listed on the NASDAQ stock exchange and have facilities in North America. We find that miners using Texas wind power are offline more than other miners, in a more erratic pattern, while...
Persistent link: https://www.econbiz.de/10014226120
There is limited causal evidence on the effects of different public procurement regulations on project quality and value-for-money for projects funded by national governments and foreign aid donors. This paper uses policy and experimental variation to study how two key contracting...
Persistent link: https://www.econbiz.de/10014226145
wholesale spot prices. Pure spot pricing is not popular; consumers (and politicians) value price predictability and bill … stability. We focus on second-best alternatives: time-of-use (TOU) and critical peak pricing (CPP). We introduce alternative …
Persistent link: https://www.econbiz.de/10013435122
electricity generation--pricing carbon, setting intensity standards, and subsidizing clean energy--and compare their market … outcomes under similar expansions of clean electricity generation. While pricing emissions gives strong incentives to first … considerably weaken or even reverse the usual assumed efficiency advantage of carbon pricing policies over alternatives, including …
Persistent link: https://www.econbiz.de/10013334480
Economists, energy experts, and policymakers have called for accelerating investment in the U.S. electricity transmission network. Additional transmission lines could better integrate markets, reducing the total cost of electricity generation. They could also allow for the better integration of...
Persistent link: https://www.econbiz.de/10014468290