Download or read book Transmission Pricing and Stranded Costs in the Electric Power Industry written by William J. Baumol and published by American Enterprise Institute Press. This book was released on 1995 with total page 206 pages. Available in PDF, EPUB and Kindle. Book excerpt: Stranded costs are those costs that electric utilities currently permitted to recover through their rates but whose recovery may be impeded or prevented by the advent of competition in the industry. Estimates of those costs run from the tens to the hundreds of billions of dollars. Should regulators permit utilities to recover stranded costs while they take steps to promote competition in the electric power industry? William J. Baumol and J. Gregory Sidak argue that on both efficiency and equity grounds the answer to that question should be yes. The authors show that a transmission price, the price for sending electricity over the transmission grid, can be determined in a manner that is compatible with economic efficiency and clearly neutral in its effects upon all competitors in electricity generation. A correctly constructed regime of transmission pricing may in fact achieve the efficiency and equity goals that justify the recovery of stranded costs.
Download or read book Electricity Transmission Pricing and Technology written by Michael A. Einhorn and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 289 pages. Available in PDF, EPUB and Kindle. Book excerpt: The electric utility industry and its stakeholders in the. United States appear to be at a critical juncture in time. Powerful forces of global proportions are propelling the industry instinctively and in a secular fashion towards restructuring. That the industry will change is a fait accomplii. The nature and timing of the change is still a matter of intense debate, however. Because of the evolution of the industry into its present-day form, i.e. regulated local monopolies in their designated franchise service territories, the relative roles and expectations of various institutions would have to change to conform to the new state in the future. In either encouraging, or allowing this change to happen, society is essentially saying that future societal welfare would be better served by the changed structure contemplated. What that assumption translates into in more direct terms is that creation of future wealth would be better accomplished through redistribution of wealth today. Thoughtful individuals recognize the enormous responsibility placed upon the various entities empowered with jurisdiction over the timing and nature of the structural change. They are trying hard to bring analytical rigor to bear on the debate. One very critical element of this debate on restructuring is the issue of the treatment of transmission. The issue has been variously labeled transmission access, or pricing. Volumes have been written and spoken on this topic.
Download or read book Electricity Transmission Pricing and Technology written by A.F. Kalverboer and published by Springer Science & Business Media. This book was released on 2013-11-11 with total page 289 pages. Available in PDF, EPUB and Kindle. Book excerpt: The electric utility industry and its stakeholders in the.United States appear to be at a critical juncture in time. Powerful forces of global proportions are propelling the industry instinctively and in a secular fashion towards restructuring. That the industry will change is a fait accomplii. The nature and timing of the change is still a matter of intense debate, however. Because of the evolution of the industry into its present-day form, i.e. regulated local monopolies in their designated franchise service territories, the relative roles and expectations of various institutions would have to change to conform to the new state in the future. In either encouraging, or allowing this change to happen, society is essentially saying that future societal welfare would be better served by the changed structure contemplated. What that assumption translates into in more direct terms is that creation of future wealth would be better accomplished through redistribution of wealth today. Thoughtful individuals recognize the enormous responsibility placed upon the various entities empowered with jurisdiction over the timing and nature of the structural change. They are trying hard to bring analytical rigor to bear on the debate. One very critical element of this debate on restructuring is the issue of the treatment of transmission. The issue has been variously labeled transmission access, or pricing. Volumes have been written and spoken on this topic.
Download or read book The Changing Structure of the Electric Power Industry 2000 An Update written by and published by DIANE Publishing. This book was released on with total page 143 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Electricity Prices in a Competitive Environment written by Mary Hutzler and published by DIANE Publishing. This book was released on 1998-05 with total page 129 pages. Available in PDF, EPUB and Kindle. Book excerpt: Discusses the events that led to current initiatives to restructure the electric power industry, and the institutional and structural changes that will be required to support the competitive pricing of electricity. Describes the analysis assumptions and methodology. Compares electricity prices under regulation and prices under competition. Discusses the sensitivities of the results to key parameters in the analysis cases. Analyzes the cash flow implications of the new competitive prices for utilities. Extensive charts, tables and graphs.
Download or read book A Shock to the System written by Timothy J. Brennan and published by Routledge. This book was released on 2014-04-04 with total page 161 pages. Available in PDF, EPUB and Kindle. Book excerpt: A Shock to the System is a guide to the decisions that will be faced by electricity providers, customers, and policymakers. Produced by a team of analysts at Resources for the Future, this concise and balanced work provides background necessary to understand the increasing role of competition in electricity markets. The authors introduce important concepts and terminology, and offer the history of public policy regarding electricity. They identify the significant proposals for implementing competition, and examine the potential consequences for regulation, industry structure, cost recovery, and the environment.
Download or read book Electricity Prices in a Competitive Environment written by United States. Energy Information Administration and published by . This book was released on 1997 with total page 140 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Transport Pricing of Electricity Networks written by Francosi Leveque and published by Springer Science & Business Media. This book was released on 2003-05-31 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt: Transport Pricing of Electricity Networks aims at providing a methodological and practical transmission tariff guide, to those who are involved in the electricity business as managers, engineers, lawyers, economists, regulators or policy-makers, but are not specialists in electricity transport, nor in tariff-setting for public utilities. It offers a synthesis of the recent economic research on the subject. The volume is divided into three major parts, each presenting a general aspect of transmission pricing: its legal and accounting background, its basic theory, and its implementation, successively. How much does it cost to transmit electricity from a nuclear plant close to Lyon in France, to a car manufacturer located in Stuttgart in Germany? What price should a system operator in Canada charge a pulp and paper mill that uses the high-voltage grid for only a few weeks per year? Where in California is it more profitable to reinforce or build a new transmission line? What is the best place to locate a power gas station in England, in order to pay the lowest transmission cost? Such questions are novel and crucial for American and European liberalised electricity markets. Transport Pricing of Electricity Networks shows how the economics toolbox can be used to answer them.
Download or read book Changing Structure of the Electric Power Industry An Update written by Rebecca A. McNerney and published by DIANE Publishing. This book was released on 1998-11 with total page 197 pages. Available in PDF, EPUB and Kindle. Book excerpt: Intended for both lay & technical readers, this report serves as a basic reference tool that provides a comprehensive delineation of the electric power industry & its traditional structure, which has been based on its monopoly status. In addition, it describes the industry's transition to a competitive environment by providing a descriptive analysis of the factors that have contributed to the interest in a competitive market, proposed legislative & regulatory actions, & the steps being taken by the various components of the industry to meet the challenges of adapting to & prevailing in a competitive environment. Figures, tables, historical information.
Download or read book Competitive Change in the Electric Power Industry written by United States. Congress. Senate. Committee on Energy and Natural Resources and published by . This book was released on 1997 with total page 388 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Regulatory Risk Economic Principles and Applications to Natural Gas Pipelines and Other Industries written by A. Lawrence Kolbe and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 357 pages. Available in PDF, EPUB and Kindle. Book excerpt: It is common to assert that utility investors are compensated in the allowed rate of return for the risk of large disallowances, such as arise for investments found imprudent or not `used and useful'. However, this book develops a new theory of asymmetric regulatory risk that shows that infallible estimates of the cost of capital are sure to provide downward-biased estimates of the necessary allowed rates of return in the presence of such regulatory risks. The book uses the new theory of regulatory risk to understand recent developments in the risk of natural gas pipelines and other regulated industries.
Download or read book Alternating Currents written by Timothy J. Brennan and published by Routledge. This book was released on 2010-09-30 with total page 226 pages. Available in PDF, EPUB and Kindle. Book excerpt: Many states within the U.S., and many countries across the world, are opening their electicity markets to competition. Many others are uncertain about their plans. These differences emphasize the complexities involved in the technology and regulatory structure of the electricity industry--an industry for which the introduction of market competition has been notoriously difficult. In response to these challenges, Alternating Currents provides a timely overview and analysis of the concerns facing industry regulators, legislators, and others as they consider whether, when, and how to open electricity markets. Authors Brennan, Palmer, and Martinez offer background on the history of regulatory policy and the technology for producing and delivering electric power. They then provide insights into the policy debates and economic issues involved in eleven important topics, including industry structure, system integrity and reliability, the mitigation of market power, and environmental protection. Alternating Currents describes the recent events leading to the demise of retail competition in California with the intent on drawing lessons for the future. In the end, the authors offer their perspective about what makes electricity a unique resource and how those factors make the potential conflict between competition and reliability the most pressing of the long-term concerns about the transformation of the electric power industry.
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 Electric Choices written by Andrew N. Kleit and published by Rowman & Littlefield. This book was released on 2007 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: The electricity industry, one of the largest and most vital sectors of the U.S. economy, has changed dramatically in recent years. After being heavily regulated for more than a century by authorities at all levels, deregulation is taking center stage, allowing for enormous efficiency gains. Electric Choices explores the difficult questions surrounding deregulation and urges Americans to continue the transition to a market-based model.
Download or read book The Wheeling and Transmission Manual written by Scott A. Spiewak and published by Prentice Hall. This book was released on 1999 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt: Extensive new material examines the provisions and implications of Order 888, transmission pricing issues and practices, the impact of pro forma tariff provisions on pricing, stranded costs developments, and the role of independent system operators. Also included is a complete examination of the current transmission system, along with an assessment of the need for upgrading and related regulatory/ownership issues. The manual provides power producers, marketers and policy makers with a detailed and understandable assessment of all the key issues and questions involved in moving power within the deregulated marketplace.
Download or read book The Restructuring of the Electric Power Industry written by and published by . This book was released on 1998 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The New Rules written by Steven Ferrey and published by PennWell Books. This book was released on 2000 with total page 472 pages. Available in PDF, EPUB and Kindle. Book excerpt: Author Steven Ferrey highlights the importance of electric energy rules and legal restrictions that are replacing the traditional utility environment. Rather than focus on the trends of deregulation or concentrate on a particular area of electric energy, this book deals with transcendent issues, long-term rules, and structure of the electric industry. Ferry explains the three primary areas of change: Technology - the !hardware' of the industry Regulations at the federal level Changes at the retail level. No other book summarizes the regulatory changes and new rules now governing the electric marketplace (post-deregulation) in one volume. Ferry designed The New Rules to explain the regulations of the new electric marketplace to everyone from power business professionals to members of the academic sector.
