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Transmission Impossible? Prospects for Decarbonizing the US Grid
Davis, Lucas W.; Hausman, Catherine; Rose, Nancy L. - National Bureau of Economic Research - 2023
Encouraged by the declining cost of grid-scale renewables, recent analyses conclude that the United States could reach … renewable generation has declined dramatically, integrating these renewables would require a large expansion in transmission to … current levels of annual investment are well below what would be required for a renewables-dominated system. We describe a …
Persistent link: https://www.econbiz.de/10014322765
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The Shifting Finance of Electricity Generation
Andonov, Aleksandar; Rauh, Joshua - National Bureau of Economic Research - 2024
Despite the incentives of incumbent domestic listed corporations (DLCs) in the electricity generation industry, private equity, institutional investors, and foreign corporations have played an outsized role in financing the energy transition. These new entrants are twice as likely to create...
Persistent link: https://www.econbiz.de/10014635696
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The Economic Determinants of Heat Pump Adoption
Davis, Lucas W. - National Bureau of Economic Research - 2023
One concern with subsidies for low-carbon technologies is that they tend to go predominantly to high-income households. Previous research has shown, for example, that the top income quintile receives 60% of subsidies for rooftop solar and 90% of subsidies for electric vehicles. This paper finds...
Persistent link: https://www.econbiz.de/10014322732
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Power Flows : Transmission Lines and Corporate Profits
Hausman, Catherine - National Bureau of Economic Research - 2024
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
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The Efficiency of Dynamic Electricity Prices
Hinchberger, Andrew J.; Jacobsen, Mark R.; Knittel, … - National Bureau of Economic Research - 2024
The marginal cost of electricity fluctuates hour-by-hour, yet retail customers typically face flat prices. Using data from all seven US wholesale markets and a new method to evaluate alternative rates set in advance that accounts for equilibrium price effects, we estimate efficiency gains from...
Persistent link: https://www.econbiz.de/10015072936
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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
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Energy Transitions in Regulated Markets
Gowrisankaran, Gautam; Langer, Ashley; Reguant, Mar - National Bureau of Economic Research - 2024
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
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The Market and Climate Implications of U.S. LNG Exports
Stock, James H.; Zaragoza-Watkins, Matthew - National Bureau of Economic Research - 2024
From 2015 to 2023, the United States transformed from a net importer of natural gas to the world's largest liquified natural gas (LNG) exporter. We find that this surge in LNG exports has reconnected U.S. gas prices to world market prices, after a hiatus of "shut-in" fracked gas. We estimate...
Persistent link: https://www.econbiz.de/10014512082
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The Dynamic Impact of Market Integration : Evidence from Renewable Energy Expansion in Chile
Gonzales, Luis E.; Ito, Koichiro; Reguant, Mar - National Bureau of Economic Research - 2022
networks) were not originally built to accommodate renewables, which creates disconnections between demand centers and …
Persistent link: https://www.econbiz.de/10013210044
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Electricity Retail Rate Design in a Decarbonized Economy : An Analysis of Time-Of-Use and Critical Peak Pricing
Schittekatte, Tim; Mallapragada, Dharik; Joskow, Paul L.; … - National Bureau of Economic Research - 2022
Currently, most U.S. electricity consumers pay a constant price per kWh consumed that accounts for most of their bill. Ongoing developments in the power system increase efficiency gains that can be made from exposing consumers to widely varying wholesale spot prices. Pure spot pricing is not...
Persistent link: https://www.econbiz.de/10013435122