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generate revenue and reduce greenhouse gas emissions. Imposing a carbon tax on electricity production based on the social cost … electricity markets. The sources of emissions reductions in the sector depend on the level of the tax. A carbon tax based on lower …
Persistent link: https://www.econbiz.de/10010770442
Twenty states in the United States have adopted energy efficiency resource standards (EERS) that specify absolute or per¬centage reductions in energy use relative to business as usual. We examine how an EERS compares to policies oriented to meeting objectives, such as reducing greenhouse gas...
Persistent link: https://www.econbiz.de/10009651749
achieve quantitative goals for reducing energy use by a certain year. EERS policies generally apply to electricity and natural … gas sales and electricity peak demand, though they also cover other energy sources in Europe. Our study aggregates … information about the requirements of existing EERS policies for electricity sales in the United States. We convert quantitative …
Persistent link: https://www.econbiz.de/10009651750
been much debate about their potential effects on electricity reliability. Only very exceptional circumstances would … trigger supply disruptions; however, the changes may affect electricity prices, the generation mix, and industry revenues …. Coincident with these new rules, expectations about natural gas prices and future electricity demand growth are changing in ways …
Persistent link: https://www.econbiz.de/10010556838
electricity generating fleet than most studies have predicted. …
Persistent link: https://www.econbiz.de/10010643001
-induced changes in prices can significantly affect the cost of policy compliance. This paper estimates electricity demand functions …Identifying the factors that influence electricity demand in the continental United States and mathematically … characterizing them are important for developing electricity consumption projections. The price elasticity of demand is especially …
Persistent link: https://www.econbiz.de/10008458081
regional, mandatory, market-based cap-and-trade program to reduce greenhouse gas (GHG) emissions from the electricity sector …. The initiative is expected to lead to an increase in the price of electricity in the RGGI region and beyond. The … implications of these changes for the value of electricity-generating assets and the market value of the firms that own them …
Persistent link: https://www.econbiz.de/10005448661
overall electricity prices. However, this form of compensation comes with an efficiency cost that will increase the overall …Policies to cap emissions of carbon dioxide (CO2) in the U.S. economy could pose significant costs on the electricity … electricity sector, we evaluate alternative ways that emission allowances can be allocated. Most previous emissions trading …
Persistent link: https://www.econbiz.de/10005448667
electric power sector using a cap-and-trade program. This paper assesses the importance of long-term electricity contracts … nuclear, hydroelectric, and cogeneration units. The contracts will have a negligible effect on the wholesale marginal cost of … electricity and a small effect on retail price. States may want to consider contracts on a case-by-case basis when making …
Persistent link: https://www.econbiz.de/10005442360