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Measuring Market Power in Network-Constrained Markets

Graf, Christoph; Wolak, Frank A. - National Bureau of Economic Research - 2025

Producers in locational pricing markets have the ability to exercise market power by impacting the extent to which transport capacity constraints bind. We extend the single-location residual demand curve concept to a residual demand hypersurface that quantifies the impact of a supplier's output...

Persistent link: https://www.econbiz.de/10015464440

Power Flows : Transmission Lines and Corporate Profits

Hausman, Catherine - National Bureau of Economic Research - 2024

Economists, energy experts, and policymakers have called for accelerating investment in the U.S. electricity transmission network. Additional transmission lines could better integrate markets, reducing the total cost of electricity generation. They could also allow for the better integration of...

Persistent link: https://www.econbiz.de/10014468290

Sequential Markets, Market Power and Arbitrage

Ito, Koichiro - 2014

and limited arbitrage. Our theory predicts that these two elements can generate a systematic price premium. We test the … behavior are consistent with the model. Finally, we quantify the welfare effects of arbitrage using a structural model. In our … setting, we show that full arbitrage is not necessarily welfare-enhancing in the presence of market power, reducing consumer …

Persistent link: https://www.econbiz.de/10012457884

Electricity Retail Rate Design in a Decarbonized Economy : An Analysis of Time-Of-Use and Critical Peak Pricing

Schittekatte, Tim; Mallapragada, Dharik; Joskow, Paul L.; … - National Bureau of Economic Research - 2022

Currently, most U.S. electricity consumers pay a constant price per kWh consumed that accounts for most of their bill. Ongoing developments in the power system increase efficiency gains that can be made from exposing consumers to widely varying wholesale spot prices. Pure spot pricing is not...

Persistent link: https://www.econbiz.de/10013435122

The Dynamic Impact of Market Integration : Evidence from Renewable Energy Expansion in Chile

Gonzales, Luis E.; Ito, Koichiro; Reguant, Mar - National Bureau of Economic Research - 2022

networks) were not originally built to accommodate renewables, which creates disconnections between demand centers and …

Persistent link: https://www.econbiz.de/10013210044

Flexible Data Centers and the Grid : Lower Costs, Higher Emissions?

Knittel, Christopher R.; Senga, Juan Ramon L.; Wang, Shen - National Bureau of Economic Research - 2025

Data centers are among the fastest-growing electricity consumers, raising concerns about their impact on grid operations and decarbonization goals. Their temporal flexibility--the ability to shift workloads over time--offers a source of demand-side flexibility. We model power systems in three...

Persistent link: https://www.econbiz.de/10015438290

Take the Load Off : Time and Technology as Determinants of Electricity Demand Response

Bailey, Megan; Brown, David P.; Shaffer, Blake C.; … - National Bureau of Economic Research - 2025

As electricity systems transition toward more variable renewable energy, flexible demand has emerged as a critical tool for grid management. Yet a fundamental question remains: are emerging smart technologies sufficient to unlock demand response, or does human behavior remain the critical...

Persistent link: https://www.econbiz.de/10015409868

Valuing Solar Subsidies

Bollinger, Bryan; Gillingham, Kenneth; Kirkpatrick, A. … - National Bureau of Economic Research - 2025

Individuals trade present for future consumption across a range of economic behaviors, and this tradeoff may differ across socioeconomic groups. To assess these tradeoffs, we estimate a dynamic model of residential solar adoption and system sizing in California using household-level data on...

Persistent link: https://www.econbiz.de/10015195014

Regulation of Access, Pricing, and Planning of High Voltage Transmission in the U.S.

De Losa, Joe; Pfeifenberger, Johannes P.; Joskow, Paul L. - National Bureau of Economic Research - 2024

The U.S. regulation of high-voltage transmission is highly complex and, as a result, generally poorly understood. The complexity is created by separate, but overlapping, jurisdictional authorities of the U.S. federal regulators and those of individual states, districts, and territories. While...

Persistent link: https://www.econbiz.de/10014512108

Valuing Technology Complementarities : Rooftop Solar and Energy Storage

Bollinger, Bryan; Darghouth, Naim; Gillingham, Kenneth; … - National Bureau of Economic Research - 2023

Product complementarities can shape market patterns, influencing the demand for related products and their accessories. This study examines complementarities in the demand for rooftop solar and an accessory, battery energy storage. Using nationwide administrative data, we estimate a dynamic...

Persistent link: https://www.econbiz.de/10014447324