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Stranded Benefits Versus Stranded Costs in Utility Deregulation

Cearley, Reed W.; Cole, Daniel H. - 2003

The shift to competition in utility generation is likely to generate "stranded investments," which are wealth transfers between investors and utility ratepayers. Stranded investments can take either of two forms: (1) "stranded costs" are a transfer from investors to ratepayers that occur when...

Persistent link: https://www.econbiz.de/10014087515

When Does Regulation Distort Costs? Lessons from Fuel Procurement in U.S. Electricity Generation

Cicala, Steve - 2013

Under what conditions does cost-of-service regulation lead firms to distort costs? This paper analyzes changes in fuel …-level legislation that ended cost-of-service regulation among investor-owned electric utilities in the late 1990s. I construct a … under cost-of-service regulation. I then show that the drop in the price of coal is associated with a reallocation of …

Persistent link: https://www.econbiz.de/10014153006

Cost Recovery and Investment Incentives in Electricity Markets

Villarreal, Julio E.; Martinez, Oscar Javier - 2006

Given the characteristics of electricity and the reforms that this sector has undergone, there is still a lot of discussion regarding the best way of ensuring adequate supply in such an environment. The situation is even more critical for countries like Colombia with high dependence on hydro...

Persistent link: https://www.econbiz.de/10014054084

Does Competition Reduce Costs? Assessing the Impact of Regulatory Restructuring on U.S. Electric Generation Efficiency

Markiewicz, Kira; Rose, Nancy L.; Wolfram, Catherine D. - 2005

Although the allocative efficiency benefits of competition are a tenet of microeconomic theory, the relation between …

Persistent link: https://www.econbiz.de/10014028681

The Unsustainable Costs of Partial Deregulation

MacAvoy, Paul W. - 2008

Three decade ago, federal policymakers - Republicans and Democrats - embarked on a general strategy of deregulation in the electricity, gas delivery, and telecommunications industries. The strategy called for restructuring to separate production from the transmission and distribution, followed...

Persistent link: https://www.econbiz.de/10014047844

Regulatory Reform : Lessons for Korea

Pittman, Russell W. - 2003

"Regulatory reform" once meant either "alternatives to rate-of-return regulation" or "the advantages of privatization …

Persistent link: https://www.econbiz.de/10014075943

Carbon Pricing with an Output Subsidy under Imperfect Competition : The Case of Alberta's Restructured Electricity Market

Brown, David - 2017

In this paper, we examine the use of carbon pricing and an output-based subsidy in a market with imperfect competition. We consider a carbon pricing policy in Alberta's electricity market as a case study. This policy consists of two phases. In the first phase, the carbon price is doubled with...

Persistent link: https://www.econbiz.de/10012961552