We use demand and plant-level cost data to simulate competition in a restructured California electricity market. This …

direct measures of marginal cost for the California electricity market to measure the extent to which estimated mark-ups and …

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 …

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 …

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

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 …

We study price convergence between the two major markets for wholesale electricity in California from their … understanding of the markets, however, could have delayed or prevented price convergence. We find that the two benchmark electricity …

Most US consumers are charged a near-constant retail price for electricity, despite substantial hourly variation in the …-time pricing" for electricity and increase price elasticity of demand. This paper simulates the effects of this increased demand … elasticity using counterfactual simulations in a structural model of the Pennsylvania-Jersey-Maryland electricity market. The …

Reliable estimates of the value of electricity transmission are critical if these heavily-regulated investments are to … (SONGS) in February 2012. During the previous decade, SONGS had produced about 8% of the electricity generated in California …

following state-level legislation that ended cost-of-service regulation of electricity generation. I find that deregulated … more productive coal mines. I show how these results lend support to theories of asymmetric information, capital bias, and …