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Revenue decoupling and energy consumption : empirical evidence from the U.S. electric utilities sector
Loessl, Victor von; Wetzel, Heike - 2019
Energy efficiency provides a substantial opportunity to tackle increasing greenhouse gas emissions. However, in … motivation of utilities to invest in energy efficiency. This paper therefore investigates the relation between the regulatory … demand and efficiency in the U.S. To address the research question at hand, we follow recent developments in energy demand …
Persistent link: https://www.econbiz.de/10012033689
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Competition Requires Transmission Capacity : The Case of the U.S. Northeast
Hale, Douglas R.; Overbye, Thomas J.; Leckey, Thomas - 2000
This article examines the ability of the electrical grid to support trade in real power in the northeast U.S. power market. The authors estimate the effect on prices in New England (NEPOOL) and New York (NYPP) of greater exports from Michigan, Indiana, Kentucky, Ohio, West Virginia, and northern...
Persistent link: https://www.econbiz.de/10014151445
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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 … competition and technical efficiency is less well understood. Neoclassical models of profit-maximization subsume static cost … efficiency in the context of electricity industry restructuring. Restructuring programs adopted by many U.S. states made …
Persistent link: https://www.econbiz.de/10014028681
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Incentives for transmission investment in the PJM electricity market : FTRs or regulation (or both?)
Rosellón, Juan; Mysliková, Zdenka; Zenón, Eric - 2010
This paper presents an application of a mechanism that provides incentives to promote transmission network expansion in the area of the US electric system known as PJM. The applied mechanism combines the merchant and regulatory approaches to attract investment into transmission grids. It is...
Persistent link: https://www.econbiz.de/10009129979
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Transmission Impossible? Prospects for Decarbonizing the US Grid
Davis, Lucas W.; Hausman, Catherine; Rose, Nancy L. - National Bureau of Economic Research - 2023
Encouraged by the declining cost of grid-scale renewables, recent analyses conclude that the United States could reach net zero carbon dioxide emissions by 2050 at relatively low cost using currently available technologies. While the cost of renewable generation has declined dramatically,...
Persistent link: https://www.econbiz.de/10014322765
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Energy Transitions in Regulated Markets
Gowrisankaran, Gautam; Langer, Ashley; Reguant, Mar - National Bureau of Economic Research - 2024
Natural gas has replaced coal as the dominant fuel for U.S. electricity generation. However, U.S. states that regulate electric utilities have retired coal more slowly than others. We build a structural model of rate-of-return regulation during an energy transition where utilities face tradeoffs...
Persistent link: https://www.econbiz.de/10014468287
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Unlocking the potential of the smart metering technology : how can regulation level the playing-field for new services in smart grids?
Kranz, Johann Joachim; Picot, Arnold; Roemer, Benedikt - 2011
By integrating a communications system with the existing power grid, smart grids provide end-to-end connectivity. This enables all entities and components integrated in the electricity supply system to exchange information without knowing the network's structure. New services and applications...
Persistent link: https://www.econbiz.de/10009375075
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When Competition Plays Clean : How Electricity Market Liberalization Facilitated State-level Climate Policies in the United States
Lee, Nathan - 2019
Why do some governments adopt policies to mitigate climate change while others do not? In this study, I illustrate the importance of industrial organization in shaping prospects for climate mitigation policy. Using a generalized difference-in-differences analysis, I show that U.S. states that...
Persistent link: https://www.econbiz.de/10012900366
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The Political Economy of (De)Regulation : Theory and Evidence from the US Electricity Industry
Guerriero, Carmine - 2019
The choice of whether to regulate firms or to allow them to compete is key. If the demand is sufficiently inelastic, competition entails narrower allocative inefficiencies but, also, smaller expected profits and, thus, weaker incentives to invest in cost reduction. Hence, deregulation should be...
Persistent link: https://www.econbiz.de/10012906047
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Regulation of Access, Pricing, and Planning of High Voltage Transmission in the U.S.
De Losa, Joe; Pfeifenberger, Johannes P.; Joskow, Paul L. - National Bureau of Economic Research - 2024
The U.S. regulation of high-voltage transmission is highly complex and, as a result, generally poorly understood. The complexity is created by separate, but overlapping, jurisdictional authorities of the U.S. federal regulators and those of individual states, districts, and territories. While...
Persistent link: https://www.econbiz.de/10014512108