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 …

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 …

costs in a so-called base year. Such regulation is employed, among others, to govern electricity distribution operators in …. A connected set of price caps exists so that a hybrid regulation consisting of any element in this set and the cost …

' switching costs and the technological choice of the incumbent firm. For example 'customer pays' regulation encourages an … consider the addition of a 'buy back' rule to standard incumbent-firm-pays regulation and show that this is always preferred to … standard firms-pay regulation. Buy-back rules dominate other standard regulatory rules when firms can price discriminate on the …

This document analyses the effects of regulation and competition policy on the structure of the gas market. The natural …

with the welfare-maximum benchmark and cases of Transco with cost-plus regulation and no regulation. In all tested cases …