Assessing and managing regulatory risk in renewable energy: Contrasts between Canada and the United States

Energy Policy

Volumn 45, Issue , 2012, Pages 654-665

  Holburn, Guy L F ^a  

^a UNIVERSITY OF WESTERN ONTARIO   (Canada)

Author keywords

Canada; Regulatory risk; Renewable energy

Indexed keywords

CANADA; CONCEPTUAL FRAMEWORKS; FINANCIAL GAINS; ONTARIO; POLICY MAKING; POTENTIAL RISKS; REGULATORY AGENCIES; REGULATORY RISKS; RENEWABLE ENERGIES; RENEWABLE ENERGY POLICY;

ENERGY POLICY; INVESTMENTS;

INDUSTRY;

CONCEPTUAL FRAMEWORK; ENERGY POLICY; ENERGY RESOURCE; GOVERNANCE APPROACH; INVESTMENT; POLICY MAKING; REGULATORY FRAMEWORK; RENEWABLE RESOURCE; RISK ASSESSMENT;

CANADA; ONTARIO [CANADA]; TEXAS; UNITED STATES;

EID: 84859768981     PISSN: 03014215     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.enpol.2012.03.017     Document Type: Article

References (36)

1. Alagappan, L. et al. 2011. What drives renewable energy development?, Energy Policy 39 (9), 5099-5104.
2. Baron D. Integrated strategy: market and nonmarket components. California Management Review 1995, 37:47-65.
3. Barradale M. Impact of ublic policy uncertainty on renewable energy investment: wind power and the production tax credit. Energy Policy 2010, 38:7698-7709.
4. Blanco M. The economics of wind energy. Renewable and Sustainable Energy Reviews 2009, 13:1372-1382.
5. Carley S. State renewable energy policies: an empirical evaluation of effectiveness. Energy Policy 2009, 37:3071-3081.
6. Cubbin J., Stern J. The impact of regulatory governance and privatization on electricity industry generation capacity in developing economies. World Bank Economic Review 2006, 20(1):115-141.
7. Delmas M., Marcus A. Firms' choice of regulatory instruments to reduce pollution: a transaction cost approach. Business and Politics 2004, 6:3.
8. Edwards G., Waverman L. The effects of public ownership and regulatory independence on regulatory outcomes. Journal of Regulatory Economics 2006, 29(1):23-67. 2006.
9. Fabrizio, K. 2010. The effect of regulatory uncertainty on investment: evidence from renewable energy generation, Working Paper, Fuqua School of Business, Duke University.
10. Ferguson-Martin C., Hill S. Accounting for variation in wind deployment between Canadian provinces. Energy Policy 2011, 39:1647-1658.
11. Holburn G, Lui K., Morand C. Policy risk and private investment in wind power: survey evidence from Ontario. Canadian Public Policy 2010, 36(4):465-486.
12. Holburn G., Spiller P. Institutional or structural: lessons from international electricity sector reforms. The Economics of Contracts: Theories and Applications 2002, Cambridge University Press, Cambridge. E. Brousseau, J. Glachant. (Eds.).
13. Holburn G., Zelner B. Political capabilities, policy risk and international investment strategy: evidence from the global electric power industry. Strategic Management Journal 2010, 31(12):1290-1315.
14. Hrab R., Trebilcock M. Electricity restructuring in Ontario. Energy Journal 2005, 26(1):123-142.
15. Kang L., Zarnikau J. Did the expiration of retail price caps affect prices in the restructured Texas electricity market?. Energy Policy 2009, 37(5):1713-1717.
16. Knack S., Keefer P. Institutions and economic performance: cross-country tests using alternative institutional measures. Economics and Politics 1995, 7(3):207-227.
17. Kolk A, Pinkse J. Business responses to climate change: identifying emergent strategies. California Management Review 2005, 47(3). 36-20.
18. Levy B., Spiller P. The institutional foundations of regulatory commitment: a comparative analysis of telecommunications regulation. Journal of Law, Economics and Organization 1994, 10(2):201-246.
19. Lewis J., Wiser R. Fostering a renewable energy technology industry: an international comparison of wind industry policy support mechanism. Energy Policy 2007, 35(3):1844-1857.
20. Luthi, S. and Prassler, T. 2011. Analyzing policy support instruments and regulatory risk factors for wind energy development - a developers' perspective, Energy Policy 39 (9), 4876-4892.
21. McCubbins M.D., Noll R.G., Weingast B.R. Structure and process, politics and policy: administrative arrangements and the political control of agencies. Virginia Law Review 1989, 75:431-482.
22. McCubbins M.D., Schwartz T. Congressional oversight overlooked: police patrols versus fire alarms. American Journal of Political Science 1984, 28:165-179.
23. McGarity T.O. Some thoughts on "deossifying" the rulemaking process. Duke Law Journal 1992, 41:1385-1462.
24. Nemet G. Robust incentives and the design of a climate governance regime. Energy Policy 2010, 38:7216-7225.
25. Pollitt, M. 2010. UK renewable energy policy since privatisation. Working Paper 1002, Electricity Policy Research Group, University of Cambridge.
26. Renewable Energy Policy Network for the 21st Century (REN21). 2010. Renewables 2010 Global Status Report.
27. Rowlands I. The development of renewable electricity policy in the province of Ontario: the influence of ideas and timing. Review of Policy Research 2007, 24(3):185-207.
28. Schilling M. Technology S-curves in renewable energy alternatives: analysis and implications for industry and government. Energy Policy 2009, 37(5):1767-1781.
29. Shrimali, G. and Kniefel, J. 2011. Are government policies effective in promoting deployment of renewable electricity resources? Energy Policy 39 (9), 4726-4741.
30. Tiller E.H., Spiller P. Strategic instruments: legal structure and political games in administrative law,. Journal of Law, Economics, and Organization 1999, 15:349-377.
31. Troesken W. The sources of public ownership: historical evidence from the gas industry. Journal of Law, Economics and Organization 1997, 13(1):1-25.
32. Vogel D. The hare and the tortoise revisited: the new politics of consumer and environmental regulation in Europe. British Journal of Political Science 2003, 33:557-580.
33. Wiser R., Bolinger M. Wind Technologies Market Report 2009, Lawrence Berkeley National Laboratory.
34. Wyman, M. 2008. Power failure: addressing the causes of underinvestment, inefficiency and governance problems in Ontario's electricity sector. Commentary Paper 261, C.D. Howe Institute.
35. Yatchew A., Baziliauskas A. Ontario feed-in-tariff programs. Energy Policy 2011, 39:3885-3893.
36. Zarnikau J. Successful renewable energy development in a competitive electricity market: a Texas case study. Energy Policy 2011, 39:3906-3913.