Regulation, efficiency, and competition in the exchange of electricity
first year results from FERC bulk power market experiment
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Author
Contributions
- Besen, Stanly M. - Contributor
- Hayashi, Toshi. - Contributor
- United States. Federal Energy Regulatory Commission. - Contributor
- United States. Dept. of Energy. - Contributor
- Rand Corporation. - Contributor
Publication
1985 - Rand, Santa Monica, CA, California
Language
English
Word Count
30,000 words, Guess
Page Count
120 pages
Identifiers
- Open LibraryOL2751446M
- ISBN-100833006843
- OCLC Control Number12869465
- OCLC Control Number13643727
- OCLC Control Numberregulationeffici0000acto
and 1 more
- Library of Congress Control Number86102325
Classifications
- DDC381/.4562131/0973
- LCCHD9685.U5 A5857 1985
Description
This report presents the results of RAND's analysis of data from the first year of the Federal Energy Regulatory Commission's (FERC) Southwest bulk electric power market experiment. In successive sections, the authors describe current FERC regulation of transactions among electric utilities; develop a simple conceptual model of the economics of bulk power exchanges; discuss the effects of current regulation on the behavior of utilities in this model; describe the six utilities participating in the FERC experiment; and present efficiency and competitive analyses based on a paradigm of a hypothetical competitive and frictionless market consisting of the six participating utilities. The authors report mixed findings with respect to efficiency, and inconclusive results of the analysis of competitiveness. They suggest that refining the analytic technique and analyzing the second year of experimental data will be beneficial.--Publisher's description.
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