His fields of specialization are Industrial Organization and Econometric Theory. His recent work studies methods for introducing competition into infrastructure industriestelecommunications, electricity, water delivery and postal delivery services-and on assessing the impacts of these competition po
California Overcomes an Electricity Crisis
โ Scribed by Ralph Cavanagh
- Publisher
- Elsevier Science
- Year
- 2002
- Tongue
- English
- Weight
- 39 KB
- Volume
- 15
- Category
- Article
- ISSN
- 1040-6190
No coin nor oath required. For personal study only.
๐ SIMILAR VOLUMES
The widely held view that FERC ''failed'' in its oversight of Western power markets is overly simplistic. It ignores the physical and political realities of the crisis. Above all, it ignores the fact that the crisis was solved not by FERC intervention but by vigorous state action that restored the b
The factors most often cited as the causes of the California crisis are the scarcity of generation capacity, a flawed market design, and the venality of electricity producers. However, many of these attributes were present in other electricity markets, none of which have suffered through anything li
Federal policymakers must not neglect to rationalize the allocation of jurisdiction between federal and state regulators, remove impediments to the expansion of the interstate transmission grid, and support the development of demand-side responsiveness to market pricing.
To manage cost risk, prudent procurement of electric power requires that some portion of a buyer's energy demand be met through long-term contracting. Under cost-of-service regulation or performance-based regulation, a local distribution company (LDC) should be allowed to fully recover all prudently