This viewpoint reviews renewable energy development in 14 markets that differ in market structure (restructured vs. not restructured), use of feed-in-tariff (FIT) (yes vs. no), transmission planning (anticipatory vs. reactive), and transmission interconnection cost allocated to a renewable...

An extensive North American pipeline grid that physically integrates individual natural-gas markets, in conjunction with economic ties binding the California markets to those at Henry Hub, Louisiana and the New York mercantile exchange via an array of financial instruments, suggests that the...

Marginal costs of electricity vary by time and location. In the past, researchers attributed the variations to factors related to electricity generation and transmission. These authors, however, have not analyzed possible variations in marginal distribution capacity costs (MDCC). The objectives...

Securing forward contracts to manage procurement-cost risk is an intuitively appealing and economically reasonable strategy for a load-serving local distribution company (LDC) in today’s volatile electricity marketplace. However, knowing what to buy does not guarantee least-cost...

We estimate the option value of a non-firm electricity tariff commonly used by a local distribution company (LDC) in its electricity demand response program. This option value captures the benefit that a LDC enjoys from not serving an end-use load during high-price hours in a wholesale...

This paper implements a normalization/regression-based approach to estimate the kWh energy and kW savings from an experimental OEEP (operational energy-efficiency program) for municipal water pumping in California. The voluminous 1-min data collected in the course of the OEEP presents a unique...

China’s wind industry has grown rapidly over the past decade. Continued growth in this industry is critical for China’s domestic energy security and the global environment. However, little is known about the microeconomic drivers that move wind energy development in China. Based on a survey...