WorldCat Identities

Massachusetts Institute of Technology Center for Energy and Environmental Policy Research

Overview
Works: 386 works in 489 publications in 1 language and 760 library holdings
Publication Timeline
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Most widely held works by Massachusetts Institute of Technology
Diagnosing and mitigating market power in Chile's electricity industry by Soledad Arellano( Book )

3 editions published in 2003 in English and held by 9 WorldCat member libraries worldwide

This paper examines the incentives to exercise market power that generators would face and the different strategies that they would follow if all electricity supplies in Chile were traded in an hourly-unregulated spot market. The industry is modeled as a Cournot duopoly with a competitive fringe; particular care is given to the hydro scheduling decision. Quantitative simulations of the strategic behavior of generators indicate that the largest generator ("Endesa") would have the incentive and ability to exercise market power unilaterally. It would do so by scheduling its hydro resources, which are shown to be the real source of its market power, in order to take advantage of differences in price elasticity: too little supply to high demand periods and too much to low demand periods. The following market power mitigation measures are also analyzed: (a) requiring Endesa to divest some of its generating capacity to create more competitors and (b) requiring the dominant generators to enter into fixed price forward contracts for power covering a large share of their generating capacity. Splitting the largest producer in two or more smaller firms turns the market equilibrium closer to the competitive equilibrium as divested plants are more intensely used. Contracting practices proved to be an effective tool to prevent large producers from exercising market power in the spot market. In addition, a more effcient hydro scheduling resulted. Conditions for the development of a voluntary contract market are analyzed, as it is not practical to rely permanently on vesting contracts imposed for the transition period
Emissions trading under the U.S. acid rain program : evaluation of compliance costs and allowance market performance( Book )

2 editions published in 1997 in English and held by 7 WorldCat member libraries worldwide

Market-based investment in electricity transmission networks : controllable flow by Gert Brunekreeft( Book )

2 editions published in 2003 in English and held by 7 WorldCat member libraries worldwide

Allocating transmission to mitigate market power in electricity networks by Richard J Gilbert( Book )

1 edition published in 2002 in English and held by 6 WorldCat member libraries worldwide

Reform and regulation of the electricity sectors in developing countries by Tooraj Jamasb( Book )

1 edition published in 2002 in English and held by 6 WorldCat member libraries worldwide

Auctions to gas transmission access : the British experience by Tanga McDaniel( Book )

2 editions published in 2002 in English and held by 6 WorldCat member libraries worldwide

When access to monopoly owned networks is constrained auctioning access rights can increase the efficiency of allocations relative to negotiation and grandfathering when there is sufficient competition among network users. Historically, access rights to entry capacity on the British gas network were granted by the monopoly network owner via negotiation; rights were later based on regulated tariffs with an increasing reliance on market based constraint resolution by the system operator. In 1999 an auction mechanism for allocating rights was introduced. Comparing the different allocation methods we conclude that where there is competition at entry terminals auctions have been successful with respect to anticipating spot prices, capturing producer rents and reducing the costs of alleviating network constraints. Moreover, auctions are more transparent and better facilitate entry
Technical efficiency in electricity generation : the impact of smallness and isolation of island economies by Preetum Domah( Book )

1 edition published in 2002 in English and held by 6 WorldCat member libraries worldwide

Regulated and merchant interconnectors in Australia : SNI and Murraylink revisited by Stephen C Littlechild( Book )

2 editions published in 2004 in English and held by 6 WorldCat member libraries worldwide

Distributed generation versus centralised supply : a social cost-benefit analysis by Francesco Gullì( Book )

2 editions published in 2003 in English and held by 6 WorldCat member libraries worldwide

A comparison of electricity market designs in networks by Andreas Ehrenmann( Book )

2 editions published in 2003 in English and held by 6 WorldCat member libraries worldwide

Transmission policy in the United States by Paul L Joskow( Book )

1 edition published in 2004 in English and held by 4 WorldCat member libraries worldwide

Electricity market reform in the European Union : review of progress towards liberalisation and integration by Tooraj Jamasb( Book )

1 edition published in 2004 in English and held by 4 WorldCat member libraries worldwide

Lessons from Phase 2 compliance with the U.S. Acid Rain Program by A. Denny Ellerman( Book )

1 edition published in 2003 in English and held by 1 WorldCat member library worldwide

This paper provides preliminary answers to four questions concerning the behavior of agents operating under the SO2 Allowance Trading Program that could not be adequately answered until several years' data on compliance behavior in the final Phase II could be observed. The four questions are: 1. How is abatement distributed geographically when all fossil-fuel-fired electricity generating units are included? 2. Will agents draw down the accumulated Phase I bank, as expected and more or less efficiently, during Phase II? 3. Is there any evidence that the failure to endow new generating units with allowances constitutes a barrier to entry? 4. What can be said about the cost of the SO2 Allowance Trading Program in Phase II when all units are included and when it is fully phased in?
Introducing competition in the French electricity supply industry : the destabilisation of a public hierarchy in an open institutional environment by Dominique Finon( Book )

1 edition published in 2002 in English and held by 1 WorldCat member library worldwide

The introduction of market rules in a electricity supply industry characterized by a vertically integrated monopoly and public ownership is not inherently doomed to failure if characteristics of the reform or other elements of industrial structures give room for enforcing market-rules. The organisation of the French ESI in a public monopoly was deeply rooted in French institutional peculiarities. Therefore the initial reform, which was adopted in February 2000 under the prescription of the European law of electricity market liberalization, introduced only a provision of regulated third party access to the grid, without legal separation of the transmission system operator and creation of a power exchange. But this created a dynamics of regulatory change which allows the development of an effective competition on the wholesale market and the industrial customers segment. The paper analyses how the governmental goal of preserving the national champion EDF have had two paradoxical effects in favour of competition development and the building of safeguards for the entrants: 1. the creation of a credible regulatory governance structure with effective power of control on the network access, and which promoted market-rules and the creation of a power exchange for balancing the incumbent's dominant position
The difficult transition to competitive electricity markets in the U.S. by Paul L Joskow( Book )

1 edition published in 2003 in English and held by 1 WorldCat member library worldwide

This paper provides a comprehensive discussion of the causes and consequences of state and federal initiatives to introduce wholesale and retail competition into the U.S. electricity sector between 1995 and the present. Information about the development of wholesale market institutions, the expansion of wholesale power trade, the performance of wholesale market institutions, the entry of merchant generating capacity, and the financial collapse of the trading and merchant generating sector is presented and discussed. Issues regarding the ability of evolving spot wholesale energy market institutions and market power mitigation mechanisms to provide adequate incentives for investment in new generating capacity in the absence of some form of peak capacity obligation are discussed theoretically and evaluated empirically. The diffusion of retail competition and the performance of retail competition programs in eight states is examined empirically. Imperfections in transmission governance arrangements and barriers to efficient expansion of the transmission network are identified. The analysis leads to the overall conclusion that the development of efficient competitive wholesale and retail electricity markets continues to be a work in progress and faces many technical, institutional and political challenges in the U.S. Suggestions for successfully confronting, or at least better understanding, these challenges are presented
 
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Alternative Names

controlled identityMassachusetts Institute of Technology. Center for Energy Policy Research

controlled identityMassachusetts Institute of Technology. Department of Economics

controlled identityMassachusetts Institute of Technology. Laboratory for Energy and the Environment

controlled identitySloan School of Management

CEEPR

Massachusetts Institute of Technology Cambridge, Mass Center for Energy and Environmental Policy Research

Massachusetts Institute of Technology Center for Energy and Environmental Policy Research

Massachusetts Institute of Technology. Department of Economics. Center for Energy and Environmental Policy Research

Massachusetts Institute of Technology. Laboratory for Energy and the Environment. Center for Energy and Environmental Policy Research

MIT-CEEPR

MIT Center for Energy and Environmental Policy Research

Sloan School of Management Center for Energy and Environmental Policy Research

Languages
English (23)