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The US electric utility industry is undergoing a period of fundamental change that has significant implications for Native American tribes. Although many details remain to be determined, the future electric power industry will be very different from that of the present. It is anticipated that...
Persistent link: https://www.econbiz.de/10009435668
This report analyzes developments in the electric utility industry using the tools of transaction cost economics. During the last thirty years, the tools of economic analysis have been substantially expanded--notably, Oliver Williamson, building on the insights of Coase and others, has made...
Persistent link: https://www.econbiz.de/10009435698
) may experience through government-initiated deregulation of electricity generation. The potential for transition costs …
Persistent link: https://www.econbiz.de/10009435730
The electric power industry in the United States is undergoing a slow but nonetheless dramatic transformation. It is a transformation driven by technology, economics, and politics; one that will move the industry from its traditional mode of centralized system operations and regulated rates...
Persistent link: https://www.econbiz.de/10009435792
Electricity systems are a central component of modern economies. Many electricity markets are transitioning from centrally regulated systems to decentralized markets. Furthermore, several electricity markets that have recently undergone this transition have exhibited extremely unsatisfactory...
Persistent link: https://www.econbiz.de/10009435984
The U. S. electric power industry today is on the road to restructuring a road heretofore uncharted. While parallels can be drawn from similar journeys taken by the airline industry, the telecommunications industry, and, most recently, the natural gas industry, the electric power industry has...
Persistent link: https://www.econbiz.de/10009436157
principle that market deregulation and competition will bring down the cost of electricity for all classes of customers. It …
Persistent link: https://www.econbiz.de/10009436163
, green tags, and government power purchases. Deregulation of the electric power industry is continuing. In some cases this is …
Persistent link: https://www.econbiz.de/10009436179
econometric analysis that attempt to separate the effects of deregulation from other factors in explaining changes in an industry …, such as deregulation, on an industry`s performance. For example, at the same time that the United Kingdom privatized its … that attempt to measure the effect of deregulation per se for a specific industry. This report highlights major outcomes …
Persistent link: https://www.econbiz.de/10009436339
This paper demonstrates that financial transmission rights allow their owners to capture at least a portion, and sometimes all, of the congestion rents. This extends work in this area by Shmuel Oren which was limited to the case in which generators could not purchase financial transmission...
Persistent link: https://www.econbiz.de/10009436951