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Regulation, Industry Structure, and Performance in the Electricity Supply Industry

Steiner, Faye - 2003

This paper seeks to assess the impact of liberalisation and privatisation on performance in the generation segment of the electricity supply industry. Regulatory indicators for a panel of 19 OECD countries over a 10 year time period were constructed to examine the influence of regulatory reform...

Persistent link: https://www.econbiz.de/10014159678

Regulation, Industry Structure and Performance in the Electricity Supply Industry

Steiner, Faye - 2000

Persistent link: https://www.econbiz.de/10012446021

Regulation and Investment Incentives in Electricity Distribution : An Empirical Assessment

Cullmann, Astrid - 2015

's implementation of incentive regulation in 2009 has a negative impact on total investment, and that firms increase their investments …We analyze the effects of an incentive based regulatory scheme with revenue caps on the investment behaviors and … with the German data. The results show that investments increase after incentive regulation, and that the institutional …

Persistent link: https://www.econbiz.de/10013013432

Customer Switching, Firm Entry and Regulatory Policy : Evidence from the Electric Utility Industry

Mayo, John W.; Macher, Jeffrey T.; Press, Robert - 2022

More than twenty years have passed since some states restructured their intra-state electricity markets, opening these former monopoly markets to competition. A number of studies have subsequently examined such restructurings, yet two key characteristics of the extant research create the...

Persistent link: https://www.econbiz.de/10013289269

Using Virtual Bids to Manipulate the Value of Financial Transmission Rights

Ledgerwood, Shaun D. - 2012

In this paper, we present a straightforward economic model that explains the incentives to manipulate nodal energy prices in a “Day 2” RTO market. The model distinguishes between legitimate market participation that increases overall market efficiency and manipulative behavior that distorts...

Persistent link: https://www.econbiz.de/10013106996

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

Analyzing the Impact of Electricity Market Structure Changes and Mergers : The Importance of Forward Commitments

Brown, David - 2016

We investigate how the effects of market structure changes and mergers in restructured electricity markets depend on the level of forward contracting. Following Bushnell, Mansur, and Saravia (2008), we develop a Cournot model of Alberta's wholesale electricity market that incorporates firms'...

Persistent link: https://www.econbiz.de/10012986898

Deregulation, market power, and prices : evidence from the electricity sector

MacKay, Alexander; Mercada, Ignacia - 2021

When deciding whether to introduce market competition into a regulated industry, a regulator faces an important tradeoff. Market-based prices can provide incentives to allocate resources more efficiently and reduce costs, but the presence of market power may lead to increased markups. We use a...

Persistent link: https://www.econbiz.de/10012514582

Comparing Welfare Effects of Different Regulation Schemes : An Application to the Electricity Distribution Industry

Kopsakangas-Savolainen, Maria; Svento, Rauli - 2009

We compare the welfare effects of different regulation schemes of electricity distribution utilities. The compared … regulation schemes are fixed price regulation, cost of service regulation, menu of cost-contingent contracts and simple menus of …. Our basic result is that welfare can be improved by changing the cost of service regulation scheme to the menu of …

Persistent link: https://www.econbiz.de/10014201213

Market power and heterogeneous pass-through in German electricity retail

Duso, Tomaso; Szücs, Florian - 2016

We analyze the pass-through of cost changes to retail tariffs in the German electricity market over the 2007 to 2014 period. We find an average pass-through rate of around 60%, which significantly varies with demand factors: while the pass-through rate to baseline tariffs, where firms have...

Persistent link: https://www.econbiz.de/10011553026

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