Restructuring the U.S. electric power sector: A review of recent studies

Review of Industrial Organization

Volumn 32, Issue 3-4, 2008, Pages 165-196

  Kwoka, John ^a  

^a NORTHEASTERN UNIVERSITY   (United States)

Author keywords

Deregulation; Electricity; Evaluation studies; Restructuring

Indexed keywords

CONFERENCE PROCEEDING; ELECTRICAL POWER; ELECTRICITY INDUSTRY; INDUSTRIAL REGULATION; INDUSTRIAL RESTRUCTURING; POLICY REFORM;

NORTH AMERICA; UNITED STATES;

EID: 50149118848     PISSN: 0889938X     EISSN: 15737160     Source Type: Journal    
DOI: 10.1007/s11151-008-9171-2     Document Type: Conference Paper

References (42)

1. American Public Power Association. (2004). Restructuring at the crossroads Washington DC.
2. Analysis Group. (2006). A cost-benefit assessment of wholesale electricity restructuring and competition in New England. Boston, MA.
3. Apt J. (2005) Competition has not lowered US industrial electricity prices. Electricity Journal 18(2): 52-61
4. Borenstein S., Bushnell J.B., Wolak F. (2002) Measuring market inefficiencies in California's restructured wholesale electricity market. American Economic Review 92(5): 1376-1405
5. Brennan T., Palmer K., Marinez S. (2002) Alternating currents: Electricity markets and public policy. Brookings Institution Press, Washington, DC
6. Bushnell, J. B., & Saravia, C. (2002). An empirical assessment of the competitiveness of the New England electricity market, CSEM Working Paper 101.
7. Bushnell, J. B., & Wolfram, C. (2005). Ownership change, incentives, and plant efficiency: The Divestiture of U.S. Electric Generating Plants, CSEM Working Paper 140.
8. Cambridge Energy Research Associates. (2005). Beyond the crossroads, the future direction of power industry restructuring. Cambridge, MA.
9. Center for the Advancement of Energy Markets. (2003). Estimating the benefits of restructuring electricity markets: An application to the PJM region. Burke, VA.
10. Christensen Associates. (2003). Erecting sandcastles from numbers: The CAEM study of restructuring electricity markets. Madison, WI.
11. Christensen Associates. (2005). Beyond belief: A critique of the Cambridge Energy Research Associates' Special Report. Madison, WI.
12. Christensen Associates. (2006a). A review of "the impacts of the PJM RTO expansion" by energy security analysis, inc. Madison, WI.
13. Christensen Associates. (2006b). Global energy's decision's 'putting competitive power markets to the test': An alternative view of the evidence. Madison, WI.
14. Energy Security Analysis Inc. (2005). Impacts of the PJM RTO market expansion. Wakefield, MA.
15. Fagan M. (2006) Measuring and explaining electricity price changes in restructured states. Electricity Journal 19(5): 35-42
16. Federal Energy Regulatory Commission. (2005). 2004 State of the Markets Report. Washington, DC.
17. Global Energy Decisions. (2005). Putting competitive power markets to the test: The benefits of competition in America's electric grid. Sacramento, CA.
18. Joskow P. (2000) Deregulation and regulatory reform in the U.S. electric power sector. In: Peltzman S., Winston C.(eds) Deregulation of network industries. Brookings Institution Press, Washington, DC, pp 113-187
19. Joskow P. (2006) Markets for power in the United States: An interim assessment. Energy Journal 27(1): 1-36
20. Joskow P., Kahn E. (2002) A quantitative analysis of pricing behavior in California's electricity market during summer 2000. Energy Journal 23(4): 1-35
21. Joskow, P., & Rose, N. L. (1989). The effects of economic regulation. In R. Schmalensee, & R. D. Willig (Eds.) Handbook of industrial organization (Vol. II, pp. 1449-1506). The Netherlands: Elsevier Science Publishers.
22. Kennedy P. (2003) A guide to econometrics (5th ed). Blackwell, Massachusetts
23. Kwoka, J. E. (2001). Unilateral withholding: Market power and California's electricity crisis, George Washington University Working Paper.
24. Kwoka J.E. (2002) Vertical economies in electric power: Evidence on integration and its alternatives. International Journal of Industrial Organization 20(5): 653-671
25. Kwoka, J. E. (2006). Restructuring the U.S. electric power sector: A review of recent studies.
26. Kwoka, J. E., & Pollitt, M. (2007). Deregulation, mergers, and efficiency: Evidence from the U.S. electric power industry, Northeastern University and Cambridge University, Working Paper.
27. Law & Economics Consulting Group. (2006 revised June 2007). Analysis of the impact of coordinated electricity markets on consumer electricity charge. Cambridge, MA.
28. Lutzenhiser, M. (2004). An expensive experiment? RTO dollars and sense. Public Utilities Fortnightly.
29. Mansur, E. (2001). Pricing behavior in the initial summer of the restructured PJM wholesale electricity market, POWER Working Paper 083.
30. Markiewicz, K., Rose, N., & Wolfram, C. (2004). Does competition reduce costs? Assessing the impact of regulatory restructuring on U.S. electric generating efficiency, NBER Working Paper 11011.
31. PJM Interconnection. (2005). 2005 State of the markets report. Norristown, PA.
32. Polestar Communications. (2006). A Review of electricity restructuring in New England. Emigrant, MT.
33. Rose, K., & Bujimalla, V. (2002). 2002 Performance review of electric power market. Review Conducted for the Virginia State Corporations Commission.
34. Smith, R. (2006). Energy auction in Illinois will lead to jump in rates for consumers. The Wall Street Journal, Sept. 18, 2006, p. A8.
35. Spinner, H. (2005). A response to two recent studies that purport to calculate electricity restructuring benefits captured by consumers. Richmond, VA.
36. Synapse Energy Economics. (2004). Electricity prices in PJM: A comparison of wholesale power costs in the PJM market to indexed generation service costs. Cambridge, MA.
37. Taber, J., Chapman, D., & Mount, T. (2006). Examining the effects of Deregulation on retail electricity prices, Cornell University Working Paper.
38. Ter-Matirosyan, A. (2003, March). The effects of incentive regulation on quality of service in electricity markets. Paper presented at the International Industrial Organization Conference, Boston.
39. Transmission Access Policy Study Group. (2004). Effective solutions for getting needed transmission built at reasonable cost. Sun Prairie, WI.
40. Tucker, R. (2002). Measuring market performance in restructured electricity markets: An empirical analysis of the PJM energy market. Dissertation, George Washington University.
41. U.S. Department of Energy. (2002). National Transmission Grid Study. Washington, DC.
42. Wolak F. (2003) Measuring unilateral market power in wholesale electricity markets: The California market, 1998-2000. American Economic Review 93(2): 425-430