This paper examines the implications of alternative forms of cap-and-trade regulations on the California electricity market. Specific focus is given to the implementation of a downstream form of regulation known as the first-deliverer policy. Under this policy, importers (i.e., first-deliverers)...

In electricity, "downstream" CO2 regulation requires retail suppliers to buy energy from a mix of sources so that their weighted emissions satisfy a standard. It has been argued that such "load-based" regulation would solve emissions leakage, cost consumers less, and provide more incentive for...

A U.S. nation-wide transmission overlay is a high capacity, multi-regional transmission grid, potentially spanning all three interconnections, designed as a single integrated system to provide economic and environmental benefits to the nation. The objective of this paper is to identify benefits...