Electricity

Recent Scholarly Publications

Records 24 / 112

An Experimental Comparison of Carbon Pricing Under Uncertainty in Electricity Markets

May 2020

We report on an economic experiment that compares outcomes in electricity markets subject to carbon-tax and cap-and-trade policies.

Breaking routine for energy savings: An appliance-level analysis of small business behavior under dynamic prices

May 2020

Small businesses are typically committed to providing a positive customer experience and therefore may exhibit a response to dynamic electricity prices different from residential or industrial...

Measuring the Ability to Exercise Unilateral Market Power in Locational-Pricing Markets: An Application to the Italian Electricity Market

April 2020

An increasing number of wholesale electricity markets employ locational pricing mech­anisms where energy prices account for some or all aspects of the transmission network configuration.

Market Performance Assessment in Locational Markets with Non-Convexities

April 2020

We extend the competitive benchmark pricing model of Borenstein et al. (2002) to locational-pricing markets.

Simplified Electricity Market Models with Significant Intermittent Renewable Capacity: Evidence from Italy

January 2020

Using hourly offer curves for the Italian day-ahead market and the real-time re-dispatch market for the period January 1, 2017 to December 31, 2018, we show how thermal generation unit owners...

The downstream air pollution impacts of the transition from coal to natural gas in the United States

January 2020

The recent shift in the United States from coal to natural gas as a primary feedstock for the production of electric power has reduced the intensity of sectoral carbon dioxide emissions, but—due to...

Locational Marginal Network Tariffs for Intermittent Renewable Generation

November 2019

The variability of solar and wind generation increases transmission network operating costs associated with maintaining system stability.

Wholesale Electricity Market Design

November 2019

Wholesale electricity market design requires an explicit regulatory process to set the market rules for compensating and charging market participants for their actions.

Transmission Planning and Operation in the Wholesale Market Regime

November 2019

The different incentives generation unit owners face for locating and operating their units in the wholesale market regime versus the vertically-integrated monopoly regime has wide-ranging...

Can Forward Commodity Markets Improve Short-Term Market Performance? Evidence from Wholesale Electricity

September 2019

Economists traditionally argue that forward commodity markets allow more effi- cient risk-sharing and information aggregation.

Transformation and Modernization of the Wholesale Electricity Market in Colombia

August 2019

This report provides recommendations on the six topic areas in the transformation and modernization theme “Competition, participation and structure of the electricity market.” These are: (1)...

The benefits of purely financial participants for wholesale and retail market performance: lessons for long- term resource adequacy mechanism design

April 2019

In April 2015, Singapore introduced an anonymous futures market for wholesale electricity.

Market power and incentive-based capacity payment mechanisms

March 2019

Capacity markets provide guaranteed payments to electricity generation unit own- ers for having the “firm capacity” to produce electricity.

The Role of Efficient Pricing in Enabling a Low- Carbon Electricity Sector

March 2019

Producers and consumers will make the investments and innovations necessary to transition to a low carbon electricity supply industry only if they are compensated for their efforts.

Can Incentives to Increase Electricity Use Reduce the Cost of Integrating Renewable Resources?

February 2019

We report results from a large field experiment that with a few hours prior notice provided Danish residential consumers with dynamic price and environmental signals aimed at causing them to shift...

Comparing auction designs where suppliers have uncertain costs and uncertain pivotal status

September 2018

We analyze how market design influences bidding in multiunit procurement auctions where suppliers have asymmetric information about production costs.

The Evidence from California on the Economic Impact of Inefficient Distribution Network Pricing

September 2018

Charging full requirements customers for distribution network services using the traditional cents per kilowatt-hour (KWh) price creates economic incentives for consumers to invest in distributed...

The Competitive Effects of Linking Electricity Markets Across Space and Time

July 2018

We show that a common regulatory mandate in electricity markets that employ locational marginal pricing (LMP) requiring all electricity retailers to purchase their wholesale electricity at the same...

Optimal offer-bid strategy of an energy storage portfolio: A linear quasi-relaxation approach

March 2018

This paper proposes a model of the behavior of an expected profit-maximizing merchant storage owner with the ability to exercise unilateral market power.

Association Between Women’s Empowerment and Maternal and Child Nutrition in Kalale District of Northern Benin

April 2017

Women empowerment (WE) is increasingly viewed as an important strategy to reduce maternal and child undernutrition,1–3 which continues to be a major health burden in low- and middle-income...

Electricity Market Design and Renewables Integration in Developing Countries

February 2017

This paper identifies the key features of successful electricity market designs that are particularly relevant to the experience of low-income countries.

Assessing the Impact of the Diffusion of Shale Oil and Gas Technology on the Global Coal Market

September 2016

A spatial equilibrium model of the world coal market is developed that accounts for coal to natural gas switching in the electricity sector in the United States and Europe, the potential for China...

Level versus Variability Trade-offs in Wind and Solar Generation Investments: The Case of California

August 2016

Hourly plant-level wind and solar generation output and real-time price data for one year from the California ISO control area is used to estimate the vector of means and the contemporaneous...

Solar-powered drip irrigation Impacts on crops production diversity and dietary diversity in northern Benin

March 2016

In 2007, "solar market gardens" were installed in 2 villages for women’s agricultural groups as a strategy for enhancing food and nutrition security.

People

Frank Wolak PESD Director, Senior Fellow Professor, Economics
Mark C. Thurber Associate Director for Research at PESD, Social Science Research Scholar
Portrait of Kenji Kushida Kenji E. Kushida Research Scholar at APARC
Trevor L. Davis Postdoctoral Scholar
Rebecca Slayton Rebecca Slayton Affiliate
Akshaya Jha Faculty Affiliate at PESD
Federico Quaglia Visiting Scholar at PESD
Chris Dunlap Christopher Dunlap Affiliate