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An updated assessment of technical efficiency and returns to scale for U.S. electric power plants

David Bernstein ()

Energy Policy, 2020, vol. 147, issue C

Abstract: This paper utilizes cutting-edge panel stochastic frontier electricity production models to measure the impact of state and federal regulations on United States (U.S.) natural gas fired power plants from 1994 to 2016. Using an expansive dataset, I simultaneously account for plant specific heterogeneity as well as time varying and persistent inefficiency. Previous studies of electricity generation in the U.S. have ignored at least one of these components. The ability to control for unobserved heterogeneity is important in assessing long-term managerial effectiveness.

Keywords: Stochastic frontier analysis; Returns to scale; Technical efficiency; Electricity generation; Panel data (search for similar items in EconPapers)
JEL-codes: C01 C13 C23 C52 D22 Q40 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:eee:enepol:v:147:y:2020:i:c:s0301421520306108

DOI: 10.1016/j.enpol.2020.111896

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