The U.S. electricity sector is going through dramatic changes. The changes are expanding competition in the generating segment of the industry, making it possible for consumers to choose among competing generation service suppliers, and reforming the regulation of remaining monopoly segments....

This paper summarizes recent empirical research on compliance costs and strategies and on permit market performance under the U.S. acid rain program, the first large-scale, long-term program to use tradeable emissions permits to control pollution. An efficient market for emissions permits...

This paper focuses on efforts to build what policymakers call the "smart grid," involving 1) improved remote monitoring and automatic and remote control of facilities in high-voltage electricity transmission networks; 2) improved remote monitoring, two-way communications, and automatic and...