Merchant Storage Investment in a Restructured Electricity Industry

Transmission investment and expansion planning in a restructured electricity market

Transmission planning in a restructured electricity market becomes increasingly complicated. To bridge the gap between economic and engineering considerations, this survey paper suggests a framework to clarify the interactions among various economic and engineering issues by reviewing recent theoretical and practical progress in transmission investment and transmission planning methodology. Thu...

Future Prospects for ESCOs in a Restructured Electricity Industry

This paper explores future prospects of energy service companies (ESCOs) to deliver energy efficiency and other services in the context of fundamental changes occurring in the electricity industry. We briefly review the evolution of the U.S. ESCO industry, including an assessment of current market activity and capabilities, relationship to utilities and demand-side management (DSM) programs, an...

Using restructured electricity supply industries to understand oligopoly industry outcomes

This paper argues that many determinants of generic oligopoly market outcomes can be studied in bidbased wholesale electricity markets under much weaker assumptions than in other oligopoly industries because of their rich data, regulatory history, and clearly specified market rules. These methods are compared to those used in existing studies of oligopolistic industries where the best data avai...

Emissions Trading, Electricity Industry Restructuring, and Investment in Pollution Abatement

This paper investigates the relationship between economic regulation and …rms’response to the incentives created by an emissions trading program. The NOx State Implementation Plan (SIP) Call Rule was designed to facilitate cost e¤ective reductions of nitrogen oxides emissions from large stationary sources (primarily electricity generators) in 19 eastern states. I estimate a discrete choice mode...

A Transmission Expansion Planning Model for Maximizing Merchant Investment