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 Economics & Policy, Crawford School of Public Policy, The Australian National University

Abstract: 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
Date: 2017-03
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

Related works:
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) HTML/Text

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 Economics & Policy, Crawford School of Public Policy, The Australian National University Contact information at EDIRC.
Bibliographic data for series maintained by David Stern ().