A Competitive Assessment of the U.S. Electric Power Generating Equipment Industry PDF Download
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Author: United States. International Trade Administration. Capital Goods and International Construction Sector Group
Publisher:
ISBN:
Category : Competition, International
Languages : en
Pages : 96
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Book Description
Author: United States. International Trade Administration. Capital Goods and International Construction Sector Group
Publisher:
ISBN:
Category : Competition, International
Languages : en
Pages : 96
Get Book Here
Book Description
Author:
Publisher:
ISBN:
Category : Competition, International
Languages : en
Pages : 78
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Book Description
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 94
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Book Description
Author:
Publisher:
ISBN:
Category : Competition, International
Languages : en
Pages : 78
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Book Description
Author: John E. Kwoka Jr.
Publisher: Springer Science & Business Media
ISBN: 0585229651
Category : Business & Economics
Languages : en
Pages : 200
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Book Description
Power Structure examines the effects on economic performance of several key features of the U.S. electric power industry. Paramount among these are public versus private ownership, vertical integration versus deintegration, and retail competition versus monopoly distribution. Each of these, as well as other structural characteristics of utilities and their markets, are analyzed for their effects on costs and price. These issues are important for a number of reasons. The U.S. electric power industry is presently embarking on a fundamental restructuring in terms of integration and competition. In other countries, privatization of state-owned enterprises is being viewed as the answer to unsatisfactory performance. From a longer perspective, the question of the relative performance of publicly owned versus privately owned utilities in the U.S. has never been resolved. And despite much speculation there is little reliable evidence as to the importance of either vertical integration or competition.
Author: United States. Congress. Senate. Committee on Energy and Natural Resources
Publisher:
ISBN:
Category : Competition
Languages : en
Pages : 442
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Book Description
Author:
Publisher:
ISBN:
Category : Electric power distribution
Languages : en
Pages : 44
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Book Description
Author: National Research Council
Publisher: National Academies Press
ISBN: 0309056810
Category : Science
Languages : en
Pages : 98
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Book Description
Author: National Export Expansion Council (U.S.). Industry Committee on Electrical Generating Equipment and Switch Gear
Publisher:
ISBN:
Category : Electric machinery industry
Languages : en
Pages : 52
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Book Description
Author: Yin Chu
Publisher:
ISBN:
Category : Electric power systems
Languages : en
Pages : 142
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Book Description
In the U.S., the power industry is a primary energy consumption sector. Accurate knowledge on production efficiency in the industry has vital welfare implication from both economic and environmental perspectives. The first two essays investigate the causal impact of the vertical separation of the electricity transmission sector from the generation sector on production efficiency. In the first essay, I ask whether the specific market restructuring is sufficient to enhance how efficiently production is allocated among producers. Based on a difference-in-difference comparison on cost-sensitivity of utilization between coal-fired generators in the treatment region (Southwest Power Pool) and that in a control region, I fail to find any significant private cost savings by reallocating production across firms. My second essay takes a further step and looks into one potential explanation of the results: enabled market power under restructuring. Following a common method to measure competition, I simulate the prices that would have occurred had the wholesale market been competitive. Then I compare the simulated prices with the best estimates available for actual wholesale prices to measure the market price-cost margins. Empirical results demonstrate that the vertical separation of the electricity transmission sector actually led to an increase in the markup in the wholesale market, indicating evidence of market power exercised. In the last essay, we propose to investigate whether there is stickiness in the pass-through from fossil fuel spot prices to the fossil-fuel procurement costs for the U.S. electric power producers, and if there is, to what extent the sluggishness is, and how it varies across different types of fossil fuels.
