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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 …-level profitability. We find that the mechanisms by which electricity prices and emissions change in response to carbon pricing differ …
Persistent link: https://www.econbiz.de/10012961552
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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 … prices and increased quality, reliability, and scope of services. This book shows that we now have only partial deregulation …
Persistent link: https://www.econbiz.de/10014047844
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Stranded Benefits Versus Stranded Costs in Utility Deregulation
Cearley, Reed W.; Cole, Daniel H. - 2003
recover stranded costs in the process of utility deregulation. But they have been rationally silent about the converse problem … little voice in deregulation negotiations. If equity requires that utilities and their investors be compensated for stranded … costs in deregulation, then equity must also dictate that ratepayers be compensated for stranded benefits. Data and …
Persistent link: https://www.econbiz.de/10014087515
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Efficiency and Stability in Electrical Power Transmission Networks : A Partition Function Form Approach
Csercsik, Dávid - 2013
The users of electricity networks are organized into groups where the production and consumption of electricity is in balance. This paper studies the formation of these balancing groups using a cooperative game in partition function form defined over an ideal (lossless) DC load flow model of the...
Persistent link: https://www.econbiz.de/10013081645
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Regulation and third-party discrimination in vertically related markets: The case of German electricity
Brunekreeft, Gert - 2001
This paper explores the relation between the regulation of monopolistic upstream prices and the incentives of a vertically integrated input monopolist to discriminate third parties on the downstream market. Currently, this is an issue in network industries like telecommunications, electricity...
Persistent link: https://www.econbiz.de/10010305103
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Using Forward Contracts to Reduce Regulatory Capture
Höffler, Felix; Kranz, Sebastian - 2010
A fully unbundled, regulated network firm of unknown efficiency level can untertake unobservable effort to increase the likelihood of low downstream prices, e.g. by facilitating downstream competition. To incentivize such effort, the regulator can use an incentive scheme paying transfers to the...
Persistent link: https://www.econbiz.de/10010333906
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Survey of models on demand, customer base-line and demand response and their relationships in the power market
Heshmati, Almas - 2012
The increasing use of demand-side management as a tool to reliably meet electricity demand at peak time has stimulated interest among researchers, consumers and producer organizations, managers, regulators and policymakers, This research reviews the growing literature on models used to study...
Persistent link: https://www.econbiz.de/10010284018
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A dynamic incentive mechanism for transmission expansion in electricity networks: Theory, modeling, and application
Rosellón, Juan; Weigt, Hannes - 2010
We propose a price-cap mechanism for electricity-transmission expansion based on redefining transmission output in terms of financial transmission rights. Our mechanism applies the incentive-regulation logic of rebalancing a two-part tariff. First, we test this mechanism in a three-node network....
Persistent link: https://www.econbiz.de/10010285525
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Long-run cost functions for electricity transmission
Rosellón, Juan; Vogelsang, Ingo; Weigt, Hannes - 2010
Electricity transmission has become the pivotal industry segment for electricity restructuring. Yet, little is known about the shape of transmission cost functions. Reasons for this can be a lack of consensus about the definition of transmission output and the complexitity of the relationship...
Persistent link: https://www.econbiz.de/10010285531
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Using forward contracts to reduce regulatory capture
Höffler, Felix; Kranz, Sebastian - 2011
A fully unbundled, regulated network firm of unknown efficiency level can undertake unobservable effort to increase the likelihood of low downstream prices, e.g., by facilitating downstream competition. To incentivize such effort, the regulator can use an incentive scheme paying transfers to the...
Persistent link: https://www.econbiz.de/10010286712