Browsing Working Papers by Author "Joskow, Paul L."
Now showing items 1-20 of 34
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1996 update on compliance and emissions trading under the U.S. acid rain program
(MIT Center for Energy and Environmental Policy Research, 1998)November 1997This paper reports on the second year of compliance with the sulfur dioxide (SO2) emissions-reduction and -trading provisions of the Title IV of the 1990 Clean Air Act Amendments (CAAA). The material is intended ... -
Auction design and the market for sulfur dioxide emissions
(MIT Center for Energy and Environmental Policy Research, 1996)Title IV of the Clean Air Act Amendments of 1990 created a market for electric utility emissions of sulfur dioxide (SO2). Recent papers have argued that flaws in the design of the auctions that are part of this market have ... -
California's electricity crisis
(MIT Center for Energy and Environmental Policy Research, 2001)The collapse of California's electricity restructuring and competition program has attracted attention around the world. Prices in California's competitive wholesale electricity market increased by 500% between the second ... -
Comments in response to FERC rulemaking on regional transmission organizations
(MIT Center for Energy and Environmental Policy Research, 1999)On May 13, 1999, the Federal Energy Regulatory Commission (FERC) issued a Notice of Proposed Rulemaking (NOPR) on Regional Transmission Organizations (RTO). The purpose of the NOPR is to solicit comments on proposed FERC ... -
Comments on FERC's standard market design proposals
(MIT Center for Energy and Environmental Policy Research, 2003) -
Comparing the Costs of Intermittent and Dispatchable Electricity Generating Technologies
(MIT Center for Energy and Environmental Policy Research, 2010-09)Economic evaluations of alternative electric generating technologies typically rely on comparisons between their expected life-cycle production costs per unit of electricity supplied. The standard life-cycle cost metric ... -
Competition in the U.S. electric power sector : some recent developments
(MIT Center for Energy and Environmental Policy Research, 1994)This paper examines recent efforts to expand competitive opportunities in the electric power sector in the US. I start with a brief overview of the structure and regulation of the US electricity sector as it existed in the ... -
Competitive electricity markets and investment in new generating capacity
(MIT Center for Energy and Environmental Policy Research, 2006)Evidence from the U.S. and some other countries indicates that organized wholesale markets for electrical energy and operating reserves do not provide adequate incentives to stimulate the proper quantity or mix of generating ... -
Creating a Smarter U.S. Electricity Grid
(MIT CEEPR, 2011-10) -
Deregulating and regulatory reform in the U.S. electric power sector
(MIT Center for Energy and Environmental Policy Research, 2000)This paper discusses the evolution of wholesale and retail competition in the U.S electricity sector and associated industry restructuring and regulatory reforms. It begins with a discussion of the industry structure and ... -
The difficult transition to competitive electricity markets in the U.S.
(MIT Center for Energy and Environmental Policy Research, 2003)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. ... -
Electricity sector restructuring and competition : lessons learned
(MIT Center for Energy and Environmental Policy Research, 2003)We now have over a decade of experience with the privatization, restructuring, regulatory reform, and wholesale and retail competition in electricity sectors around the world. The objectives and design attributes of these ... -
Energy policies and their consequences after 25 years
(MIT Center for Energy and Environmental Policy Research, 2003)Hans Landsberg and Sam Schurr each led research teams that produced two important energy futures policy studies that were published in 1979. The conclusions, policy recommendations, and energy demand, supply, and price ... -
The Future of Nuclear Power After Fukushima
(MIT CEEPR, 2012-02)This paper analyzes the impact of the Fukushima accident on the future of nuclear power around the world. We begin with a discussion of the ‘but for’ baseline and the much discussed ‘nuclear renaissance.’ Our pre-Fukushima ... -
The future of nuclear power in the United States : economic and regulatory challenges
(MIT Center for Energy and Environmental Policy Research, 2006)This paper examines the economic and regulatory challenges that must be faced by potential investors in new nuclear power plants in the United States. The historical development of the existing fleet of over 100 nuclear ... -
Incentive regulation in theory and practice : electricity distribution and transmission networks
(MIT Center for Energy and Environmental Policy Research, 2005)Modern theoretical principles to govern the design of incentive regulation mechanisms are reviewed and discussed. General issues associated with applying these principles in practice are identified. Examples of the actual ... -
Markets for power in the United States : an interim assessment
(MIT Center for Energy and Environmental Policy Research, 2005)The transition to competitive wholesale and retail markets for electricity in the U.S. has been a difficult and contentious process. This paper examines the progress that has been made in the evolution of wholesale and ... -
Merchant transmission investment
(MIT Center for Energy and Environmental Policy Research, 2003)We examine the performance attributes of a merchant transmission investment framework that relies on "market driven" transmission investment to provide the infrastructure to support competitive wholesale markets for ... -
Patterns of transmission investment
(MIT Center for Energy and Environmental Policy Research, 2005)This paper examines a number of issues associated with alternative analytical approaches for evaluating investments in electricity transmission infrastructure and alternative institutional arrangements to govern network ... -
Regulation of natural monopolies
(MIT Center for Energy and Environmental Policy Research, 2005)This chapter provides a comprehensive overview of the theoretical and empirical literature on the regulation of natural monopolies. It covers alternative definitions of natural monopoly, regulatory goals, alternative ...
