Stranded cost recovery in electricity market reforms in the US

Chi-Keung Woo, D Lloyd, R Karimov and A Tishler

Energy, 2003, vol. 28, issue 1, 1-14

Abstract: An important element of an electricity market reform is stranded cost recovery. This paper explains the cause of stranded costs, describes four recovery mechanisms, evaluates these mechanisms using the criteria of recovery certainty, economic efficiency and equity, reviews the financial performance of 12 utilities in the US in connection to stranded cost recovery, and shows why the mechanism used in California has contributed to the reform failure in that state.

Date: 2003
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Citations: View citations in EconPapers (13)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:energy:v:28:y:2003:i:1:p:1-14

DOI: 10.1016/S0360-5442(02)00090-7

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