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Since the 1970s, high volumetric (per kilowatt-hour) electricity prices have been justified in many policy discussions as encouraging more efficient use of electricity and placing more of the cost burden on those who are less prudent in their use. The argument has been used in support of...
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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 capacity on competition among" generators. We show that...
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Prior to the 1990s, most electricity customers in the U.S. were served by regulated, vertically-integrated, monopoly utilities that handled electricity generation, transmission, local distribution and billing/collections. Regulators set retail electricity prices to allow the utility to recover...
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The electricity market has experienced enormous setbacks in delivering on the promise of deregulation. In theory … passing those cost savings on to customers. As Electricity Deregulation shows, successful deregulation is possible, although …. More importantly, the essays that comprise Electricity Deregulation offer a number of innovative prescriptions for the …
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