Download or read book Effect of Regulation on Production Costs and Output Prices in the Private Electric Utility Industry written by Stanford University. Center for Research in Economic Growth and published by . This book was released on 1973 with total page 118 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Economic Regulation by State Commissions written by William Dale Berry and published by . This book was released on 1980 with total page 612 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Internalization of Environmental Costs in the Private Electric Utility Industry written by John Lawrence Jurewitz and published by . This book was released on 1978 with total page 424 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Perspective on Power written by Edward Berlin and published by . This book was released on 1974 with total page 214 pages. Available in PDF, EPUB and Kindle. Book excerpt: A report to the Energy Policy Project of the Ford Foundation.
Download or read book Electric Power written by John C. Moorhouse and published by Pacific Studies in Public Poli. This book was released on 1986 with total page 556 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Regulating Power The Economics of Electrictiy in the Information Age written by Carl Pechman and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 234 pages. Available in PDF, EPUB and Kindle. Book excerpt: Modem industrial society functions with the expectation that electricity will be available when required. By law, electric utilities have the obligation to provide electricity to customers in a "safe and adequate" manner. In exchange for this obligation, utilities are granted a monopoly right to provide electricity to customers within well-defmed service territories. However, utilities are not unfettered in their monopoly power; public utility commissions regulate the relationship between a utility and its customers and limit profits to a "fair rate of return on invested capital. " From its inception through the late 1970s, the electric utility industry's opera tional paradigm was to continue marketing electricity to customers and to build power plants to meet customer needs. This growth was facilitated by a U. S. energy policy predicated upon the assumption that sustained electric growth was causally linked to social welfare (Lovins, 1977). The electric utility industry is now in transition from a vertically integrated monopoly to a more competitive market. Of the three primary components (generation, transmission, and distribution) of the traditional vertically integrated monopoly, generation is leading this transformation. The desired outcome is a more efficient market for the provision of electric service, ultimately resulting in lower costs to customers. This book focuses on impediments to this transformation. In partiCUlar, it argues that information control is a form of market power that inhibits the evolution of the market. The analysis is presented within the context of the transformation of the U. S.
Download or read book Power Structure written by John E. Kwoka Jr. and published by Springer Science & Business Media. This book was released on 1996-12-31 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: Power Structure examines the effects on economic performance of several key features of the U.S. electric power industry. Paramount among these are public versus private ownership, vertical integration versus deintegration, and retail competition versus monopoly distribution. Each of these, as well as other structural characteristics of utilities and their markets, are analyzed for their effects on costs and price. These issues are important for a number of reasons. The U.S. electric power industry is presently embarking on a fundamental restructuring in terms of integration and competition. In other countries, privatization of state-owned enterprises is being viewed as the answer to unsatisfactory performance. From a longer perspective, the question of the relative performance of publicly owned versus privately owned utilities in the U.S. has never been resolved. And despite much speculation there is little reliable evidence as to the importance of either vertical integration or competition.
Download or read book Energy Research Abstracts written by and published by . This book was released on 1985 with total page 912 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Effects of Regulation on the Electric Utility Industry written by United States. General Accounting Office and published by . This book was released on 1981 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Regulating Utilities in an Era of Deregulation written by Michael A. Crew and published by Springer. This book was released on 1987-06-18 with total page 209 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Public Utility Regulation written by Kenneth Nowotny and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt: David B. Smith This is a book about the application of economic theory to a unique form of social control - public utility regulation. A central theme of this work is to examine the role that economics has played in shaping the rationale and direction of regulatory practices. While economic theory has played an important role in the shaping of regulatory policy in the past, it has an even greater potential role to play in the future as the regulatory community grapples with the many challenges of a changing economic environment. This is a very timely and much needed piece of work that can serve as a reference for decision makers who are facing the challeng ing problems of deregulation and competition. This work is comprised of 13 selected articles that guide the reader from an initial discussion of why we decided to regulate certain industries in the first place to a specific analysis of what role economic theory has played in the electric, natural gas, telecommunications, and water indus tries, and whether it should be allowed to play an even more dominant role in the future. The reader is then provided with a more modern version of what economists mean by the concept of natural monopoly and a menu of policy options that will allow society to derive any benefits from such a market structure.
Download or read book The End of a Natural Monopoly written by Daniel H. Cole and published by Routledge. This book was released on 2003-07-17 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book addresses the fundamental issues underlying the debate over electric power regulation and deregulation. After decades of the presumption that the electric power industry was a natural monopoly, recent times have seen a trend of deregulation followed by panicked re-regulation.
Download or read book Effects of New Plant and Equipment Expenditures on Electricity Prices written by David E. Serot and published by . This book was released on 1982 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Regulating Power written by Carl Pechman and published by Kluwer Academic Pub. This book was released on 1993-01-01 with total page 229 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the economics of an industry that has become a critical component of modern life - the electric utility industry. The public nature of electricity has affected the development of the industry, both private and public. While this book focuses on private utilities, it recognizes the potential for a resurgence of public ownership. The objective of the book is to examine factors that will affect the evolution of markets for power. Of critical importance is the role of information, which is required for making and evaluating decisions in power markets. This book demonstrates that utilities can exploit information as a source of market power, impeding the development of more competitive and efficient markets. To a large extent the source of the utilities' market power is the ability to specify computer models used in the planning, pricing and operation of markets for electricity. A number of concepts related to the use and control of information and models are developed in this book.
Download or read book Electricity Prices and Costs Under Regulation and Restructuring written by Seth Blumsack and published by . This book was released on 2008 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Restructuring of the electricity industry was expected to improve the operating efficiency of electric power generators, leading to lower production costs and retail prices. Most studies conclude that there have been some efficiency gains, but the subject of whether retail prices have fallen has been contentious. The existing literature has a number of shortcomings, including the use of blunt or inappropriate definitions of restructuring, failure to incorporate the effects of regulatory decisions regarding price caps and stranded cost recovery, and the use of highly aggregated data. Our study addresses many of these problems and thus represents a significant improvement on existing work. We use a detailed firm-level data set to estimate how the markets and institutions established as a part of "restructuring" have affected the difference between prices and costs. Based on a number of different definitions, we find that utilities that have undergone restructuring display significantly higher price-cost markups than utilities that remained traditionally regulated. We find that some elements of restructuring are associated with higher price-cost margins, while others appear to be uncorrelated with prices and costs. The combination of introducing retail competition into an electric utility's operating territory and divestiture of that utility's generating assets has increased costs, but has increased prices even more. In particular, we find an average difference of 2 to 3 cents per kWh between prices and costs that is explained by restructuring rather than by increases in fuel prices. We conclude that restructuring has been beneficial to companies that restructured, but the evidence is far less clear concerning benefits to consumers.
Download or read book The Regulation of Electric Utilities Under Conditions of Persistent Inflation written by John Frederick Stewart and published by . This book was released on 1976 with total page 472 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Essays on Public Utility Pricing and Regulation written by Harry Martin Trebing and published by . This book was released on 1971 with total page 496 pages. Available in PDF, EPUB and Kindle. Book excerpt:
