[PDF] Three Essays On Making Electric Power Markets - eBooks Review

Three Essays On Making Electric Power Markets


Three Essays On Making Electric Power Markets
DOWNLOAD

Download Three Essays On Making Electric Power Markets PDF/ePub or read online books in Mobi eBooks. Click Download or Read Online button to get Three Essays On Making Electric Power Markets book now. This website allows unlimited access to, at the time of writing, more than 1.5 million titles, including hundreds of thousands of titles in various foreign languages. If the content not found or just blank you must refresh this page





Three Essays On Making Electric Power Markets


Three Essays On Making Electric Power Markets
DOWNLOAD
Author : Brian Thomas Kench
language : en
Publisher:
Release Date : 2000

Three Essays On Making Electric Power Markets written by Brian Thomas Kench and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000 with categories.




Collected Papers From The Mathematical Institute Faculty Of Science Nagoya University


Collected Papers From The Mathematical Institute Faculty Of Science Nagoya University
DOWNLOAD
Author :
language : en
Publisher:
Release Date : 1949

Collected Papers From The Mathematical Institute Faculty Of Science Nagoya University written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1949 with categories.




Three Essays On Energy Economics


Three Essays On Energy Economics
DOWNLOAD
Author : Louis Demetri Preonas
language : en
Publisher:
Release Date : 2018

Three Essays On Energy Economics written by Louis Demetri Preonas and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018 with categories.


Electricity powers the modern economy, and the electricity supply chain is notoriously complex. Power plants must develop stable relationships for fuel procurement, as their long-run profitability hinges on securing a cheap, reliable fuel supply. Electric utilities may also lack the incentive to provide a reliable power supply to all potential customers, which could hamper economic productivity. The physical properties of electricity transmission create inherent challenges in providing power to all regions of the grid, while simultaneously incentivizing economically efficient production decisions. In this dissertation, I study three potential market failures in electricity supply: (i) market power in U.S. coal transportation; (ii) under-electrification of India’s rural poor; and (iii) short-run allocative inefficiencies in Indian electricity dispatch. In each case, my findings are of substantial economic importance due the scale of the electric power industry, which is essential to virtually all economic activity. Climate change only raises the stakes, and alleviating electricity market failures has the potential to increase carbon dioxide emissions and further harm the planet. In the first chapter, I investigate how market power in the transportation of coal might impact U.S. climate policies. Economists have widely endorsed pricing CO2 emissions to internalize climate change-related externalities. Doing so would significantly affect coal, which is the most carbon-intensive major energy source. However, U.S. coal markets exhibit an additional distortion, as the railroads that transport coal to power plants can exert market power. This upstream distortion can mute the price signal of a corrective tax, due to changes in markups or incomplete tax pass-through. I provide the first empirical estimates of how coal-by-rail markups respond to changes in coal demand. I find that rail carriers reduce coal markups when downstream power plant demand changes, due to a decrease in the price of natural gas (a competing fuel). I estimate markup changes that vary substantially across coal plants, resulting from a combination of heterogeneous transportation market structure and plant-specific demand shocks. Since low natural gas prices and a CO2 emissions tax similarly disadvantage coal, observed decreases in coal markups imply that pass-through of a federal carbon tax to coal power plants may be heterogeneous and incomplete. This could substantially erode the environmental benefits of a price-based climate policy. My results suggest that decreases in coal markups have increased recent climate damages by $2.3 billion, compared to a counterfactual where markups do not change. In the second chapter, coauthored with Fiona Burlig, we study the impacts of energy access in the developing world. Over 1 billion people still lack electricity access. Developing countries are investing billions of dollars in rural electrification, targeting economic growth and poverty reduction, despite limited empirical evidence. We estimate the effects of rural electrification on economic development in the context of India’s national electrification program, which reached over 400,000 villages. We use a regression discontinuity design and high-resolution geospatial data to identify medium-run economic impacts of electrification. We find a substantial increase in electricity use, but reject effects larger than 0.26 standard deviations across numerous measures of economic development, suggesting that rural electrification may be less beneficial than previously thought. In the third chapter, coauthored with Fiona Burlig and Akshaya Jha, we examine short-run allocative inefficiencies in Indian electricity supply. Electricity consumption is highly correlated with economic development. Understanding and resolving the drivers of economic inefficiencies in electricity markets is critical to supporting economic growth. We quantify the costs of short-run misallocation in Indian electricity supply. We assemble a novel dataset on daily production from each utility-scale power plant in the country and administrative measures of plant-specific marginal operating costs, and calculate the total variable costs of electricity generation in India to be approximately $29 billion per year. We next construct the “least-cost” counterfactual where we dispatch power plants in order of lowest-to-highest marginal cost. We find that this least-cost dispatch results in total annual operating costs that are roughly $4.7 billion lower than observed dispatch. Once we account for transmission constraints, we find a remaining misallocation wedge of $3.2 billion per year. We find evidence that this wedge results from market design and political economy considerations, but find little evidence of market power.



Three Essays On Markets For System Reserve Capacity And Balancing Energy


Three Essays On Markets For System Reserve Capacity And Balancing Energy
DOWNLOAD
Author :
language : en
Publisher:
Release Date : 2015

Three Essays On Markets For System Reserve Capacity And Balancing Energy written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with categories.




Essays On The Competitive Effects Of Disaster In Electrical Power Markets


Essays On The Competitive Effects Of Disaster In Electrical Power Markets
DOWNLOAD
Author : Cheyney Michael Thomas O'Fallon
language : en
Publisher:
Release Date : 2016

Essays On The Competitive Effects Of Disaster In Electrical Power Markets written by Cheyney Michael Thomas O'Fallon and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with categories.


Competition in the generation and marketing of electricity entails the use of a strategy space with many dimensions. Often requiring outlays in the hundreds of millions and occasionally billions of dollars to build, power plants are infrastructure investments with huge potential for economic impact. A variety of generating technologies currently compete to be the lowest cost provider and each of these options includes a set of externalities associated with producing power. Therefore, some competitive efforts, often manifested as lobbying, are directed towards preventing internalization of third party costs. Under standard operating conditions and mild deviations, electricity producers and marketers work hard to ensure a reliable and unremarkable (from the consumer perspective) supply of power. Natural disasters can offer windows into the strategic choices that define the structure of competition in electricity generation and subsequent market outcomes. The recent drought in the United States and the Tohoku earthquake in Japan are the two disasters discussed in the pages that follow.



Essays On The Economics Of Electricity Markets


Essays On The Economics Of Electricity Markets
DOWNLOAD
Author :
language : en
Publisher:
Release Date : 2014

Essays On The Economics Of Electricity Markets written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with categories.




Essays On Electricity Markets


Essays On Electricity Markets
DOWNLOAD
Author : Linda Rud
language : en
Publisher:
Release Date : 2009

Essays On Electricity Markets written by Linda Rud and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with categories.




Dissertation Abstracts International


Dissertation Abstracts International
DOWNLOAD
Author :
language : en
Publisher:
Release Date : 2009-06

Dissertation Abstracts International written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-06 with Dissertations, Academic categories.




Three Essays In Energy Economics


Three Essays In Energy Economics
DOWNLOAD
Author : Dae-Wook Kim
language : en
Publisher:
Release Date : 2004

Three Essays In Energy Economics written by Dae-Wook Kim and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with categories.




Three Essays On The Changing U S Electricity Industry


Three Essays On The Changing U S Electricity Industry
DOWNLOAD
Author : Theodore J. Kury
language : en
Publisher:
Release Date : 2013

Three Essays On The Changing U S Electricity Industry written by Theodore J. Kury and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with categories.


The third essay utilizes a model that simulates the dispatch of electric generating units in the state of Florida under various prices for CO2 emissions, and analyzes the challenges that may arise in the determination of optimal emissions abatement policy. It finds that the rate of abatement varies considerably with the price of CO2 emissions. It demonstrates how the incremental cost curve of emissions abatement may intersect with a CO2 tax at many levels of abatement, allowing for different characterizations of the \U+2018\optimum'.