Markets for power in the United States : an interim assessment
The transition to competitive wholesale and retail markets for electricity in the U.S. has been a difficult and contentious process. This paper examines the progress that has been made in the evolution of wholesale and retail electricity market institutions. Various indicia of the performance of the...
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| Format: | Working Paper |
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MIT Center for Energy and Environmental Policy Research
2009
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| Online Access: | http://hdl.handle.net/1721.1/45042 |
| _version_ | 1811080110467448832 |
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| author | Joskow, Paul L. |
| author2 | Massachusetts Institute of Technology. Center for Energy and Environmental Policy Research. |
| author_facet | Massachusetts Institute of Technology. Center for Energy and Environmental Policy Research. Joskow, Paul L. |
| author_sort | Joskow, Paul L. |
| collection | MIT |
| description | The transition to competitive wholesale and retail markets for electricity in the U.S. has been a difficult and contentious process. This paper examines the progress that has been made in the evolution of wholesale and retail electricity market institutions. Various indicia of the performance of these market institutions are presented and discussed. Significant progress has been made on the wholesale competition front but major challenges must still be confronted. The framework for supporting retail competition has been less successful, especially for small customers. Empirical evidence suggests that well-designed competitive market reforms have led to performance improvements in a number of dimensions and have benefited customers through lower retail prices. |
| first_indexed | 2024-09-23T11:25:59Z |
| format | Working Paper |
| id | mit-1721.1/45042 |
| institution | Massachusetts Institute of Technology |
| last_indexed | 2024-09-23T11:25:59Z |
| publishDate | 2009 |
| publisher | MIT Center for Energy and Environmental Policy Research |
| record_format | dspace |
| spelling | mit-1721.1/450422019-04-10T14:52:17Z Markets for power in the United States : an interim assessment Joskow, Paul L. Massachusetts Institute of Technology. Center for Energy and Environmental Policy Research. The transition to competitive wholesale and retail markets for electricity in the U.S. has been a difficult and contentious process. This paper examines the progress that has been made in the evolution of wholesale and retail electricity market institutions. Various indicia of the performance of these market institutions are presented and discussed. Significant progress has been made on the wholesale competition front but major challenges must still be confronted. The framework for supporting retail competition has been less successful, especially for small customers. Empirical evidence suggests that well-designed competitive market reforms have led to performance improvements in a number of dimensions and have benefited customers through lower retail prices. 2009-04-03T17:06:54Z 2009-04-03T17:06:54Z 2005 Working Paper 2005-012 http://hdl.handle.net/1721.1/45042 68718761 MIT-CEEPR (Series) ; 05-012WP. 47 p application/pdf MIT Center for Energy and Environmental Policy Research |
| spellingShingle | Joskow, Paul L. Markets for power in the United States : an interim assessment |
| title | Markets for power in the United States : an interim assessment |
| title_full | Markets for power in the United States : an interim assessment |
| title_fullStr | Markets for power in the United States : an interim assessment |
| title_full_unstemmed | Markets for power in the United States : an interim assessment |
| title_short | Markets for power in the United States : an interim assessment |
| title_sort | markets for power in the united states an interim assessment |
| url | http://hdl.handle.net/1721.1/45042 |
| work_keys_str_mv | AT joskowpaull marketsforpowerintheunitedstatesaninterimassessment |