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This paper provides a prospective and retrospective quantitative assessment of the impact of a passive vertical integration between a large electricity retailer and a large electricity generator i...
This paper analyzes the extent to which the conditions in the emissions permit market for nitrogen oxides (NOx) operated by the South Coast Air Quality Management District (SCAQMD) in the Los Ange...
Transmission expansions can increase the extent of competition faced by wholesale electricity suppliers with the ability to exercise unilateral market power. This can cause them to submit offer curv...
The Market Surveillance Committee’s December 1, 2000 “Analysis of ‘Order Proposing Remedies for California Wholesale Electricity Markets (Issued November 1, 2000)’,” concluded that the “Proposed Ord...
In its December 15, 2000 Report of the California electricity industry, the Federal Energy Regulatory Commission (FERC) stated that electricity prices in California during the summer and autumn of 2...
All wholesale electricity markets currently operating in the United States are unlikely to yield significant consumer benefits relative to the former vertically-integrated monopoly regime because of...
We present a method for decomposing wholesale electricity payments into production costs, inframarginal competitive rents, and payments resulting from the exercise of market power. Using data from Jun...
This paper measures the unilateral incentive each of the five largest electricity suppliers in California had to exercise market power in the state’s wholesale market during the four-month p...
The past two decades of international experience with wholesale electricity markets has  demonstrated  that  significant  co...
This paper first describes those features of the electricity supply industry that make a prospective market monitoring process essential to a well-functioning wholesale market. Some of these featu...
The role of the regulatory process is to ensure that the conditions necessary for vigorous competition exist and to limit the economic harm associated with the exercise of unilateral market power w...
his paper analyzes the potential market power of western states in setting coal severance taxes and the emphasis placed by these states on the development of their coal resources vs. obtaining tax...
This paper argues that the market rules governing the operation of the England and Wales electricity market in combination with the structure of this market presents the two major generators—Nationa...
This paper presents estimates of the customer-level demand for electricity by industrial and commercial customers purchasing electricity according to the half-hourly energy prices from the England a...
A major concern in the design of wholesale electricity markets is the potential for the exercise of market power by generating unit owners. To better understand the determinants of generating unit...

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