Electricity restructuring has created the opportunity for producers to exercise market power. Oligopolists increase … implications of production inefficiencies attributed to market power in the Pennsylvania, New Jersey, and Maryland electricity … market. Air pollution fell substantially during 1999, the year in which both electricity restructuring and new environmental …

The growth of electric vehicles (EVs) raises new challenges for electricity systems. We implement a field experiment to …

) retail electricity services that include the distribution network, the retail cost of transmission service, and often …

Currently, most U.S. electricity consumers pay a constant price per kWh consumed that accounts for most of their bill …

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 … document the magnitude of static allocative inefficiencies induced by transmission congestion in two major U.S. electricity …

The marginal cost of electricity fluctuates hour-by-hour, yet retail customers typically face flat prices. Using data …

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 …

residential electricity market, we document evidence of consumer inertia. We estimate an econometric model of retail choice to …

We study price convergence between the two major markets for wholesale electricity in California from their … deregulation in April 1998 through November 2000, nearly the end of trading in one market. We would expect profit … understanding of the markets, however, could have delayed or prevented price convergence. We find that the two benchmark electricity …

We use demand and plant-level cost data to simulate competition in a restructured California electricity market. This …-south transmission line, exacerbates the market power potential in northern California. While these results make deregulation of … generation less attractive than if there were no market power, they do not suggest that deregulation would be a mistake. Nearly …