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Policy Brief—Designing Electric Utility Rates: Insights on Achieving Efficiency, Equity, and Environmental Goals

Author

Listed:
  • Frank J. Convery
  • Kristina Mohlin
  • Elisheba Spiller

Abstract

Decreasing costs for distributed energy resources (DERs) such as rooftop photovoltaics and smart grid technologies are providing regulators with new opportunities to diversify and improve the reliability of electric service while increasing consumer choice, reducing pollution, and lowering total system costs. This policy brief aims to help regulators identify a path forward that takes advantage of this opportunity in order to reduce total electricity and environmental costs in ways that are both acceptable and fair. Key to capturing this opportunity is to price electricity so that it more accurately reflects both the private and social costs of its supply and delivery. We therefore urge regulators to use efficiency as a guiding principle in their rate setting in order to achieve less polluting and more equitable outcomes.

Suggested Citation

  • Frank J. Convery & Kristina Mohlin & Elisheba Spiller, 2017. "Policy Brief—Designing Electric Utility Rates: Insights on Achieving Efficiency, Equity, and Environmental Goals," Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, vol. 11(1), pages 156-164.
    • Handle: RePEc:oup:renvpo:v:11:y:2017:i:1:p:156-164.
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    File URL: http://hdl.handle.net/10.1093/reep/rew024
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    Citations

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    Cited by:

    1. Morell-Dameto, Nicolás & Chaves-Ávila, José Pablo & Gómez San Román, Tomás & Schittekatte, Tim, 2023. "Forward-looking dynamic network charges for real-world electricity systems: A Slovenian case study," Energy Economics, Elsevier, vol. 125(C).
    2. Dina A. Zaki & Mohamed Hamdy, 2022. "A Review of Electricity Tariffs and Enabling Solutions for Optimal Energy Management," Energies, MDPI, vol. 15(22), pages 1-17, November.

    More about this item

    JEL classification:

    • L94 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Electric Utilities
    • D01 - Microeconomics - - General - - - Microeconomic Behavior: Underlying Principles
    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • H23 - Public Economics - - Taxation, Subsidies, and Revenue - - - Externalities; Redistributive Effects; Environmental Taxes and Subsidies
    • L38 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Public Policy
    • Q20 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - General
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy
    • Q55 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Technological Innovation

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