" in spurring competition and the actual electricity that flows on the line. We then investigate the" equilibria that are …In an unregulated electricity generation market, the degree to which generators in" different locations compete with … one another depends on the capacity to transmit electricity" between the locations. We study the impact of transmission …

wide variation in consumer demographics and the level of competition. Estimating a model of consumer demand reveals …

incumbent manufacturer transfer profits to retailers. If entry is accommodated, upstream competition leads to fierce down …- stream competition and the breakdown of RPM. Hence, via RPM, retailers internalize the effect of accommodating entry on the … effect of a retailer cartel. We also consider the effect of imperfect competition. Empirical and policy implications are …

This paper examines vertical arrangements in electricity markets. Vertically integrated wholesalers, or those with long …

vary as their costs change. Yet, there is no restructured electricity market in which most retail customers can be charged … customers on time-invariant pricing in competitive electricity markets. Not only does time-invariant pricing in competitive … or subsidies on electricity or capacity are unlikely to succeed, because these interventions create new inefficiencies …

Future electricity systems with tight constraints on carbon emissions will rely much more on wind and solar generation … demand response, long-duration energy storage, dispatchable low-carbon generation, or a robust market for hydrogen for non-electricity …-wide electrification, the marginal retail price of electricity should be low whenever the wholesale price is low. With automated control of …

following state-level legislation that ended cost-of-service regulation of electricity generation. I find that deregulated … techniques relative to matched plants that were not subject to any regulatory change. Deregulation also led to a shift toward …

Adoption of real-time electricity pricing -- retail prices that vary hourly to reflect changing wholesale prices …

This paper argues that the market rules governing the operation of the England and Wales electricity market in … England and Wales electricity market, emphasizing those aspects that are important to the success of the strategy we believe … the two generators use to exercise market power. We then summarize the time series properties of the price of electricity …

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 … prices for electricity. The competitive benchmark prices are then compared to actual prices. A significant fraction of the …