An Economic and Legal Perspective on Electric Utility Transaction Costs PDF Download
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Author: Kenneth Rose
Publisher:
ISBN:
Category :
Languages : en
Pages : 106
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Book Description
Author: Kenneth Rose
Publisher:
ISBN:
Category :
Languages : en
Pages : 106
Get Book Here
Book Description
Author: Kenneth Rose (Ph. D.)
Publisher:
ISBN:
Category : Electric utilities
Languages : en
Pages : 126
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Book Description
Author: Kenneth Rose
Publisher:
ISBN:
Category :
Languages : en
Pages : 106
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Book Description
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 119
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Book Description
The issue of possibly unrecoverable cost incurred by a utility, or 'stranded costs, ' has emerged as a major obstacle to developing a competitive generation market. Stranded or transition costs are defined as costs incurred by a utility to serve its customers that were being recovered in rates but are no longer due to availability of lower-priced alternative suppliers. The idea of 'stranded cost, ' and more importantly arguments for its recovery, is a concept with little basis in economic theory, legal precedence, or precedence in other deregulated industries. The main argument recovery is that the ''regulatory compact'' requires it. This is based on the misconception that the regulator compact is simply: the utility incurs costs on behalf of its customers because of the ''obligation to serve'' so, therefore, customers are obligated to pay. This is a mischaracterization of what the compact was and how it developed. Another argument is that recovery is required for economic efficiency. This presumes, however, a very narrow definition of efficiency based on preventing ''uneconomic'' bypass of the utility and that utilities minimize costs. A broader definition of efficiency and the likelihood of cost inefficiencies in the industry suggest that the cost imposed on customers from inhibiting competition could exceed the gains from preventing uneconomic bypass. Both these issues are examined in this paper.
Author: Daniel H. Cole
Publisher: Routledge
ISBN: 1135697019
Category : Business & Economics
Languages : en
Pages : 243
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Book Description
This book addresses the fundamental issues underlying the debate over electric power regulation and deregulation. After decades of the presumption that the electric power industry was a natural monopoly, recent times have seen a trend of deregulation followed by panicked re-regulation. This important book critically analyses this controversial area from a legal and economic perspective.
Author: Scott Hempling
Publisher: Edward Elgar Publishing
ISBN: 1839109467
Category : Law
Languages : en
Pages : 576
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Book Description
What happens when electric utility monopolies pursue their acquisition interests—undisciplined by competition, and insufficiently disciplined by the regulators responsible for replicating competition? Since the mid-1980s, mergers and acquisitions of U.S. electric utilities have halved the number of local, independent utilities. Mostly debt-financed, these transactions have converted retiree-suitable investments into subsidiaries of geographically scattered conglomerates. Written by one of the U.S.’s leading regulatory thinkers, this book combines legal, accounting, economic and financial analysis of the 30-year march of U.S. electricity mergers with insights from the dynamic field of behavioral economics.
Author: Jean-Michel Glachant
Publisher: Edward Elgar Publishing
ISBN: 184980480X
Category : Business & Economics
Languages : en
Pages : 335
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Book Description
This book fills a gap in the existing literature by dealing with several issues linked to long-term contracts and the efficiency of electricity markets. These include the impact of long-term contracts and vertical integration on effective competition, generation investment in risky markets, and the challenges for competition policy principles. On the one hand, long-term contracts may contribute to lasting generation capability by allowing for a more efficient allocation of risk. On the other hand, they can create conditions for imperfect competition and thus impair short-term efficiency. The contributors – prominent academics and policy experts with inter-disciplinary perspectives – develop fresh theoretical and practical insights on this important concern for current electricity markets. This highly accessible book will strongly appeal to both academic and professional audiences including scholars of industrial, organizational and public sector economics, and competition and antitrust law. It will also be of value to regulatory and antitrust authorities, governmental policymakers, and consultants in electricity law and economics.
Author: Cecilia Ugaz
Publisher:
ISBN:
Category : Economic development
Languages : en
Pages : 28
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Book Description
Author: John Lawrence Jurewitz
Publisher:
ISBN:
Category : Electric utilities
Languages : en
Pages : 330
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Book Description
Author: Peter Navarro
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 206
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Book Description
