L'industrie de l'électricité subit une restructuration à l'échelle mondiale. La concurrence est introduite au niveau de la production alors que le transport et la distribution demeurent des monopoles réglementés par les gouvernements. Aux États-Unis, il y a déjà ouverture du marché de...

We develop a model in which two firms from different countries compete on each other domestic market. Each firm is jointly owned by the residents and the government of its country. The extent of the government's stake in the public enterprise is endogenous and it determines the weight given to...

À cause du cadre réglementaire et des politiques gouvernementales qui s'appliquent à la demande d'énergie, celle-ci a reçu beaucoup d'attention de la part des développeurs de modèles. Dans cet article, je présente un modèle intégré de la demande totale d'énergie. Les principaux...

Investment expenditures in natural gas distribution pipelines account for 70% of the rate base of Société en Commandite Gaz Métropolitain (SCGM), the natural gas utility which serves most customers in the province of Québec. In allocating these costs to rate payers, the regulatory process...

We compare the economic efficiency of a publicly-owned utility directly controlled by the government with a publicly-owned utility regulated by a public utility commission (PUC). Regulation by a PUC is modelled as a Nash equilibrium of a game between two principals, the government and the PUC,...

We analyse how the wholesale electricity market deregulation could modify exchanges between three Canadian regions (Ontario, Quebec and New Brunswick) and two U.S. regions (New York and New England), which were already trading electricity before the regulatory change took place in 1997. We find...

La disponibilité des ressources hydroélectriques et le cadre institutionnel entourant leur développement ont donné lieu à des prix d'électricité qui sont beaucoup plus faibles au Québec que dans les régions voisines. La structure de cette industrie est en train de changer dans...

We consider a firm that must undergo a costly and time-consuming regulatory process before making an irreversible, lagged investment whose value varies randomly. We analyze two cases: regulatory approval is valid forever or it expires after some time. We apply our model to Hydro-Québec's...

Canada has ratified the Kyoto Protocol while the United States, its main trading partner, have not. A major concern of Canadian industrial producers is the negative impact on competitiveness of programs designed to reduce greenhouse gas emissions (GHG). To alleviate this concern, the Government...