residential electricity market, we document evidence of consumer inertia. We estimate an econometric model of retail choice to …

Electricity restructuring has created the opportunity for producers to exercise market power. Oligopolists increase … implications of production inefficiencies attributed to market power in the Pennsylvania, New Jersey, and Maryland electricity … market. Air pollution fell substantially during 1999, the year in which both electricity restructuring and new environmental …

of lessons about electricity market liberalization gained from the recent experience in California …This paper discusses the political, regulatory and economic factors that led to California's electricity crisis in 2000 … and 2001. It begins with a discussion of the origins of California's electricity restructuring and competition programs …

In an unregulated electricity generation market, the degree to which generators in" different locations compete with … one another depends on the capacity to transmit electricity" between the locations. We study the impact of transmission … area of dominance. This" analysis is applied to a model of California's forthcoming deregulated electricity market. Our …

Restructuring electricity markets has enabled wholesalers to exercise market power. Using a common method of measuring … for these constraints and apply it to the Pennsylvania, New Jersey, and Maryland market. For the summer following … restructuring, the common method implies that market imperfections resulted in considerable welfare loss, with actual production …

This paper examines vertical arrangements in electricity markets. Vertically integrated wholesalers, or those with long …-term contracts, have less incentive to raise wholesale prices when retail prices are determined beforehand. For three restructured … markets, we simulate prices that define bounds on static oligopoly equilibria. Our findings suggest that vertical arrangements …

market-oriented environments for many U.S. electric generating plants. Our estimates of input demand suggest that publicly …-owned plants in states that restructured their wholesale electricity markets improved the most. The results suggest modest medium …-term efficiency benefits from replacing regulated monopoly with a market-based industry structure …

We examine the impact of electricity sector restructuring on the operating efficiency of coal-fired power plants in … India. Between 1995 and 2009, 85 percent of coal-based generation capacity owned by state governments was unbundled from … vertically integrated State Electricity Boards into state generating companies. We find that generating units in states that …

companies owning only one or two reactors. Beginning in the late 1990s electricity markets in many states were deregulated and … markets. Deregulation has been accompanied by substantial market consolidation and today the three largest companies control … more than one-third of all U.S. nuclear capacity. We find that deregulation and consolidation are associated with a 10 …

electricity prices to allow the utility to recover its prudently incurred costs, a process known as cost-of-service regulation …Prior to the 1990s, most electricity customers in the U.S. were served by regulated, vertically-integrated, monopoly … utilities that handled electricity generation, transmission, local distribution and billing/collections. Regulators set retail …