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Federal Tax Policy Towards Energy
Metcalf, Gilbert E. - 2006
On Aug. 8, 2005, President Bush signed the Energy Policy Act of 2005 (PL 109-58). This was the first major piece of energy legislation enacted since 1992 following five years of Congressional efforts to pass energy legislation. Among other things, the law contains tax incentives worth over $14...
Persistent link: https://www.econbiz.de/10012466094
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Estimating Path Dependence in Energy Transitions
Meng, Kyle C. - 2016
Addressing climate change requires transitioning away from coal-based energy. Recent structural change models demonstrate that temporary interventions could induce permanent fuel switching when transitional dynamics exhibit strong path dependence. Exploiting changes in local coal supply driven...
Persistent link: https://www.econbiz.de/10012456143
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The Economics of Energy Security
Metcalf, Gilbert E. - 2013
Energy security is the ability of households, businesses, and government to accommodate disruptions in supply in energy markets. This survey considers the economic dimensions of energy security, political and other non-economic security concerns and discusses policy approaches that could enhance...
Persistent link: https://www.econbiz.de/10012458934
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Why Has China Overinvested in Coal Power?
Ren, Mengjia - 2019
Since 2005, the Chinese government has engaged in an ambitious effort to move China's energy system away from coal and … towards more environmentally friendly sources of energy. However, China's investment in coal power has accelerated sharply in …. In this paper, we ask why China engaged in such a pronounced investment boom in coal power in the mid-2010s. We find the …
Persistent link: https://www.econbiz.de/10012479393
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Regulating Conglomerates in China : Evidence from an Energy Conservation Program
Chen, Qiaoyi; Chen, Zhao; Liu, Zhikuo; Suárez Serrato, … - National Bureau of Economic Research - 2021
We study a prominent energy regulation affecting large Chinese manufacturers that are part of broader conglomerates. Using detailed firm-level data and difference-in-differences research designs, we show that regulated firms cut output and shifted production to unregulated firms in the same...
Persistent link: https://www.econbiz.de/10012599356
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Who Will Pay for Legacy Utility Costs?
Davis, Lucas W.; Hausman, Catherine - National Bureau of Economic Research - 2021
The growing "electrify everything" movement aims to reduce carbon dioxide emissions by transitioning households and firms away from natural gas toward electricity. This paper considers what this transition means for the customers who are left behind. Like most natural monopolies, natural gas...
Persistent link: https://www.econbiz.de/10012585439
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Demand and Pricing in Electricity Markets : Evidence from San Diego During California's Energy Crisis
Reiss, Peter C. - 2003
We study the electricity consumption of San Diego-area households following a series of price changes and related events during California's energy crisis in 2000-01. The analysis uses a five-year panel of disaggregate billing and weather data for a random sample of 70,000 households. In...
Persistent link: https://www.econbiz.de/10012468706
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California's Electricity Crisis
Joskow, Paul L. - 2001
This paper discusses the political, regulatory and economic factors that led to California's electricity crisis in 2000 and 2001. It begins with a discussion of the origins of California's electricity restructuring and competition programs. It then discusses the structure of the wholesale and...
Persistent link: https://www.econbiz.de/10012470277
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Estimating the Customer-Level Demand for Electricity Under Real-Time Market Prices
Patrick, Robert H. - 2001
This paper presents estimates of the customer-level demand for electricity by industrial and commercial customers purchasing electricity according to the half-hourly energy prices from the England and Wales (E&W) electricity market. These customers also face the possibility of a demand charge on...
Persistent link: https://www.econbiz.de/10012470511
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Innovation-Led Transitions in Energy Supply
Lemoine, Derek - 2017
I generalize a benchmark model of directed technical change in order to reconcile it with the historical experience of energy transitions. I show that the economy becomes increasingly locked-in to the dominant sector when machines and energy resources are substitutes, but a transition away from...
Persistent link: https://www.econbiz.de/10012455261