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Article
A cost-benefit assessment of wholesale electricity restructuring and competition in New England
We conduct a social cost-benefit analysis of wholesale electricity market restructuring and competition in New England. A counter-factual investment path is formulated which characterizes how the wholesale pow...
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Article
Theory and Application of Linear Supply Function Equilibrium in Electricity Markets
We consider a supply function equilibrium (SFE) model of interaction in an electricity market. We assume a linear demand function and consider a competitive fringe and several strategic players having capacity...
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Chapter
Introducing Competition to the Electricity Industry in Spain: the Role of Initial Conditions
The government of Spain has initiated a process of liberalizing the electricity market starting in 1998. The Ministry of Industry and Energy (MIE) signed a Protocol with the electric utilities in December 1996...
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Chapter
Regional Transmission Groups: How Should They be Structured and What Should They do?
Electricity transmission raises numerous challenges of combining cooperation and competition in a coherent institutional structure. It is widely recognized that existing forms of cooperative activity are not s...
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Article
Network costs and the regulation of wholesale competition in electric power
We characterize the cost function for electric power transmission. It is complex and non-linear, exhibiting scale economies over its range. The social planning problem for network transmission expansion is ill...
