DEREGULATION & PRIVATIZATION: TEXAS ELECTRIC POWER MARKET EVIDENCE

Eric L. Prentis

Review of Business and Finance Studies, 2014, vol. 5, issue 2, 117-126

Abstract: The electric power industry is moving away from a regulated utility model, toward a deregulated marketbased model—thereby intending to improve system efficiency by reducing generation costs and customer prices, while at the same time improving capital expenditures and service reliability. This paper is the first in the literature to statistically test Texas’ electricity prices, relative to U.S. electricity prices—and use energy emergency alerts and reserve margin forecasts to determine Texas’ power system reliability—since deregulation in 2002. Implementation of suggested reforms will help ensure the market-based design succeeds. Recommendations are offered for future research.

Keywords: Texas Electricity Market; Deregulation; Privatization; Reserve Margins (search for similar items in EconPapers)
JEL-codes: G31 G38 H44 K23 (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (2)

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