Download or read book The Efficiency and Equity of Electricity Price Regulation written by Michael C. Naughton and published by . This book was released on 1984 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Rate Design for the 21st Century written by Scott P. Burger and published by . This book was released on 2019 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: Electricity tariffs typically charge residential users a volumetric (that is, per-unit of electricity consumed) price that recovers the bulk of the costs of generating, transmitting, and distributing electrical energy. These tariffs also often include taxes and recover other costs associated with regulatory or policy measures. The resulting prices do not reflect the true social marginal costs of generating, transmitting, and distributing energy, capturing little or none of the temporal and geographic variability of marginal electricity costs. These inefficient rates incentivize customers to over-consume power during periods of peak system stress and under-consume power during periods of relatively low demand; this dynamic drives up power system costs, costing Americans and Europeans tens of billions of dollars annually. Critically, it leads to investments in long-lived and low-utilization infrastructure needed to meet peak demands. Economists have long argued for reforming rates, but progress has historically been slow. Today, less than one quarter of one percent of residential electricity customers in the United States pay a tariff that reflects the real-time price of energy. The emergence of distributed energy resources -- such as solar photovoltaics and battery energy storage -- has sparked renewed interest among regulators and utilities in reforming electricity tariffs. Efficient rates hold the potential to improve the economic efficiency of distributed energy resource installation and operation decisions. However, the economic pressure to redesign electricity rates is countered by concerns of how more efficient rate structures might impact different socioeconomic groups. In particular, regulators have been dubious of efforts to reform how the costs of network infrastructure (that is, transmission and distribution networks) are recovered, rejecting more than 75% of such efforts in the U.S. in 2017. Focusing on developed power systems in contexts like the U.S. and Europe, this Thesis examines the distributional impacts of rate reform and proposes methods to improve the economic efficiency of rates without creating undesirable distributional impacts. This Thesis also explores the distributional impacts of rooftop solar photovoltaics adoption under alternative rate designs. This Thesis leverages data on electricity consumption measured half-hourly for more than 100,000 customers in the Chicago, Illinois area, paired with Census data to gain unprecedented insight into the impacts of reforming electricity pricing across customers of varying socioeconomic statuses. This Thesis then builds a simple model of the local utility’s -- Commonwealth Edison’s -- cost of service, and simulates solar PV adoption under alternative rate designs, measuring the impacts on customers of differing income levels. This Thesis demonstrates that low-income customers would face increases in expenditures on average in a transition to rates that recover residual network and policy costs through economically efficient fixed charges. However, this Thesis demonstrates that simple changes to fixed charge designs can mitigate these disparities while preserving all, or the vast majority, of the efficiency gains. These designs rely exclusively on observable information and could be replicated by utilities in many geographies across the U.S. Rooftop solar PV adoption under tariffs with inefficient, volumetric residual cost recovery are shown to create substantial distributional challenges: PV adoption under such tariffs increases expenditures substantially for non-adopters, which tend to be predominately lower income customers; efficient tariffs prevent this regressive cost shifting. In short, failing to reform rates may lead to worse distributional outcomes than reforming rates, even if reforms are implemented naively. Collectively, the findings in this Thesis underscore the need for regulatory reform around electricity pricing, and chart a path forward for balancing economic efficiency and distributional equity in public utility pricing.

Download or read book Regulations in the Energy Industry written by André Dorsman and published by Springer Nature. This book was released on 2020-02-12 with total page 263 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a broad overview of the financial, economic and legal implications of energy industry regulations in various countries. In light of significant changes around the globe, it analyses various institutions that are involved in regulative measures, and based on various country studies, it offers insights into how energy sector regulations differ across countries with different market structures and institutions. Covering major topics such as laws and regulations geared to market competition and sustainability and the impact of noncompliance to regulations, from the perspectives of financial markets, and financial risks, the book is divided into four parts: Part I Regulations: price and trade controls; Part II. Non-price & trade control regulations; Part III: Compliance with regulations; and Part IV: Market issues and regulation. It will appeal to scholar in economics, finance and related fields as well as to policymakers and practitioners in the energy industry. This is the seventh volume in a series on energy organized by the Centre for Energy and Value Issues (CEVI). The previous volumes in the series were: Financial Aspects in Energy (2011), Energy Economics and Financial Markets (2012), Perspectives on Energy Risk (2014), Energy Technology and Valuation Issues (2015), Energy and Finance (2016) and Energy Economy, Finance and Geostrategy (2018).

Download or read book The Scheme of Control on Electricity Companies written by Pun-Lee Lam and published by Chinese University Press. This book was released on 1996 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book A Manual for the Economic Evaluation of Energy Efficiency and Renewable Energy Technologies written by Walter Short and published by . This book was released on 2005 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt: A Manual for the Economic Evaluation of Energy Efficiency and Renewable Energy Technologies provides guidance on economic evaluation approaches, metrics, and levels of detail required, while offering a consistent basis on which analysts can perform analyses using standard assumptions and bases. It not only provides information on the primary economic measures used in economic analyses and the fundamentals of finance but also provides guidance focused on the special considerations required in the economic evaluation of energy efficiency and renewable energy systems.

Download or read book Equity and Efficiency Considerations in Electricity Pricing written by Alaa A. Sarhan and published by . This book was released on 1991 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Equity Effects in Energy Regulation written by Carolyn Fischer and published by . This book was released on 2017 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: Some choices in energy regulation, particularly those that price emissions, raise household energy prices more than others. Those choices can lead to a large variation in burden both across and within income groups because of wide variation in household energy use. The latter, within-income group variation can be particularly hard to remedy. In this paper, we review alternative welfare perspectives that give rise to equity concerns within income groups ("horizontal equity") and consider how they might influence the evaluation of environmental policies. In particular, we look for sufficient statistics that policymakers could use to make these evaluations. We use Consumer Expenditure Survey data to generate such statistics for a hypothetical carbon price versus tradable carbon performance standard applied to the electric power sector. We show how horizontal equity concerns could overwhelm efficiency concerns in this context.

Download or read book Pricing and Equity in Competitive Water Electricity and Gas Markets written by Liza Carver and published by . This book was released on 1995 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt:

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 208 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 The Energy Regulation and Markets Review written by David L. Schwartz (Lawyer) and published by . This book was released on 2020 with total page 423 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Handbook on Electricity Markets written by Glachant, Jean-Michel and published by Edward Elgar Publishing. This book was released on 2021-11-12 with total page 672 pages. Available in PDF, EPUB and Kindle. Book excerpt: With twenty-two chapters written by leading international experts, this volume represents the most detailed and comprehensive Handbook on electricity markets ever published.

Download or read book Energy Abstracts for Policy Analysis written by and published by . This book was released on 1987 with total page 488 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book A Study in Public Finance written by A. C. Pigou and published by Read Books Ltd. This book was released on 2013-03-06 with total page 357 pages. Available in PDF, EPUB and Kindle. Book excerpt: This antiquarian book contains a comprehensive treatise on the topic of public finance, with information on taxation, employment, wages, and much more. This is a text that will be of considerable utility to those with an interest in the history and development of modern economical practices, and will make for a valuable addition to collections of allied literature. The chapters of this book include: 'Principles of Compensation', 'Non-transfer and Transfer Expenditures by Government Authorities', 'The Finance of Business Undertakings Operated by Public Authorities', 'The Range Of Government Expenditure', 'The Place of Loans Other than War Loans in Public Finance', and more. We are republishing this volume now in an affordable, modern edition complete with a specially commissioned biography of Arthur Cecil Pigou.

Download or read book Utilities Code written by Texas and published by . This book was released on 2007 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Regulation of the Power Sector written by Ignacio J. Pérez-Arriaga and published by Springer Science & Business Media. This book was released on 2014-02-26 with total page 735 pages. Available in PDF, EPUB and Kindle. Book excerpt: Regulation of the Power Sector is a unified, consistent and comprehensive treatment of the theories and practicalities of regulation in modern power-supply systems. The need for generation to occur at the time of use occasioned by the impracticality of large-scale electricity storage coupled with constant and often unpredictable changes in demand make electricity-supply systems large, dynamic and complex and their regulation a daunting task. Arranged in four parts, this book addresses both traditional regulatory frameworks and also liberalized and re-regulated environments. First, an introduction gives a full characterization of power supply including engineering, economic and regulatory viewpoints. The second part presents the fundamentals of regulation and the third looks at the regulation of particular components of the power sector in detail. Advanced topics and subjects still open or subject to dispute form the content of Part IV. In a sector where regulatory design is the key driver of both the industry efficiency and the returns on investment, Regulation of the Power Sector is directed at regulators, policy decision makers, business managers and researchers. It is a pragmatic text, well-tested by the authors’ quarter-century of experience of power systems from around the world. Power system professionals and students at all levels will derive much benefit from the authors’ wealth of blended theory and real-world-derived know-how.

Download or read book The Microeconomics of Public Policy Analysis written by Lee S. Friedman and published by Princeton University Press. This book was released on 2017-02-15 with total page 784 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book shows, from start to finish, how microeconomics can and should be used in the analysis of public policy problems. It is an exciting new way to learn microeconomics, motivated by its application to important, real-world issues. Lee Friedman's modern replacement for his influential 1984 work not only brings the issues addressed into the present but develops all intermediate microeconomic theory to make this book accessible to a much wider audience. Friedman offers the microeconomic tools necessary to understand policy analysis of a wide range of matters of public concern--including the recent California electricity crisis, welfare reform, public school finance, global warming, health insurance, day care, tax policies, college loans, and mass transit pricing. These issues are scrutinized through microeconomic models that identify policy strengths, weaknesses, and ideas for improvements. Each chapter begins with explanations of several fundamental microeconomic principles and then develops models that use and probe them in analyzing specific public policies. The book has two primary and complementary goals. One is to develop skills of economic policy analysis: to design, predict the effects of, and evaluate public policies. The other is to develop a deep understanding of microeconomics as an analytic tool for application--its strengths and extensions into such advanced techniques as general equilibrium models and pricing methods for natural monopolies and its weaknesses, such as behavioral inconsistencies with utility-maximization models and its limits in comparing institutional alternatives. The result is an invaluable professional and academic reference, one whose clear explanation of principles and analytic techniques, and wealth of constructive applications, will ensure it a prominent place not only on the bookshelves but also on the desks of students and professionals alike.

Download or read book Uniform System of Accounts USOA written by and published by . This book was released on 1995 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: