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Merchant Transmission Investment
Joskow, Paul - 2003
We examine the performance attributes of a merchant transmission investment framework that relies on market driven …' transmission investment to provide the infrastructure to support competitive wholesale markets for electricity. Under a stringent … set of assumptions, the merchant investment model has a remarkable set of attributes that appear to solve the natural …
Persistent link: https://www.econbiz.de/10012469168
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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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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 …
Persistent link: https://www.econbiz.de/10014468290
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Mandatory Unbundling and Irreversible Investment in Telecom Networks
Pindyck, Robert S. - 2004
This paper addresses the impact on investment incentives of the network sharing arrangements mandated by the … Telecommunications Act of 1996, with a focus on the implications of irreversible investment. Although the goal is to promote competition … network services, which creates a significant investment disincentive …
Persistent link: https://www.econbiz.de/10012468396
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Bitcoin Mining Meets Wall Street : A Study of Publicly Traded Crypto Mining Companies
Hałaburda, Hanna; Yermack, David L. - National Bureau of Economic Research - 2023
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
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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
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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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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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
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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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Long-Term Resource Adequacy in Wholesale Electricity Markets with Significant Intermittent Renewables
Wolak, Frank A. - National Bureau of Economic Research - 2021
Growing amounts of intermittent renewable generation capacity substantially increases the complexity of determining whether sufficient energy will be available to meet hourly demands throughout the year. As the events of August 2020 in California and February 2021 in Texas demonstrate, supply...
Persistent link: https://www.econbiz.de/10012599323