Technology choices in the U.S. electricity industry before and after market restructuring
Zsuzsanna Csereklyei and
David Stern ()
CCEP Working Papers from Centre for Climate & Energy Policy, Crawford School of Public Policy, The Australian National University
We study the drivers of the adoption of electricity generation technologies between 1970 and 2014 in the lower 48 U.S. states. Since the 1990s, major electricity market restructuring took place in some parts of the United States. We explore the implications of changing from a regulated “cost-of-service” or rate of return system to a partly and fully deregulated market on technology and fuel choices. We find that electricity market deregulation resulted in significant immediate investment in various natural gas technologies, and a reduction in coal investments. However, market deregulation impacted less negatively on high efficiency coal technologies. In states that adopted wholesale electricity markets, high natural gas prices resulted in more investment in coal and renewable technologies.
JEL-codes: Q40 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-com, nep-ene and nep-reg
References: Add references at CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
https://ccep.crawford.anu.edu.au/files/uploads/cce ... 017-03/ccep_1703.pdf
Journal Article: Technology Choices in the U.S. Electricity Industry before and after Market Restructuring (2018)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:een:ccepwp:1703
Access Statistics for this paper
More papers in CCEP Working Papers from Centre for Climate & Energy Policy, Crawford School of Public Policy, The Australian National University Contact information at EDIRC.
Bibliographic data for series maintained by CCEP ().