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Transmission Policy in the United States

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  • Joskow, P.L.

Abstract

This paper provides an overview of the development of electric power transmission access, pricing and investment policies in the U.S. over the last 15 years and evaluates the current state of those policies. It includes a discussion of pre-liberalisation transmission access and pricing policies, the prevailing basic transmission access and pricing rules contained in Orders 888 and 889, FERC’s policies regarding Regional Transmission Organizations (RTO) as reflected in Order 2000, and FERC’s subsequent Standard Market Design (SMD) proposal. PJM’s market rules and transmission pricing, planning and investment policies are reviewed as an articulation of FERC’s RTO and SMD visions.

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File URL: http://www.econ.cam.ac.uk/electricity/publications/wp/ep54.pdf
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Bibliographic Info

Paper provided by Faculty of Economics, University of Cambridge in its series Cambridge Working Papers in Economics with number 0454.

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Length: 61
Date of creation: Oct 2004
Date of revision:
Handle: RePEc:cam:camdae:0454

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Web page: http://www.econ.cam.ac.uk/index.htm

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Keywords: Electricity; Transmission; Regulation; Deregulation;

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References

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  1. Joskow, Paul L. & Tirole, Jean, 2005. "Merchant Transmission Investment," Open Access publications from University of Toulouse 1 Capitole http://neeo.univ-tlse1.fr, University of Toulouse 1 Capitole.
  2. Joskow, Paul L., 2003. "The Difficult Transition to Competitive Electricity Markets in the U.S," Working paper 207, Regulation2point0.
  3. Joskow, Paul L & Tirole, Jean, 1999. "Transmission Rights and Market Power on Electric Power Networks I: Financial Rights," CEPR Discussion Papers 2093, C.E.P.R. Discussion Papers.
  4. Paul L. Joskow, 2006. "Incentive Regulation for Electricity Networks," CESifo DICE Report, Ifo Institute for Economic Research at the University of Munich, vol. 4(2), pages 3-9, 07.
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Citations

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Cited by:
  1. Paul L. Joskow, 2005. "Markets For Power In The United States - An Interim Assessment," Working Papers 0512, Massachusetts Institute of Technology, Center for Energy and Environmental Policy Research.
  2. Francesc Trillas, 2008. "Regulatory federalism in network industries," Working Papers 2008/8, Institut d'Economia de Barcelona (IEB).
  3. William Hogan & Juan Rosellón & Ingo Vogelsang, 2010. "Toward a combined merchant-regulatory mechanism for electricity transmission expansion," Journal of Regulatory Economics, Springer, vol. 38(2), pages 113-143, October.
  4. Joskow, P.L., 2005. "Patterns of Transmission Investment," Cambridge Working Papers in Economics 0527, Faculty of Economics, University of Cambridge.
  5. Marcelo Saguan & Leonardo Meeus, 2011. "Modeling the Cost of Achieving a Renewable Energy Target: Does it Pay to Cooperate Across Borders?," RSCAS Working Papers 2011/46, European University Institute.
  6. Zenon, Eric & Rosellon, Juan, 2010. "Expansión de las Redes de Transmisión Eléctrica en Norteamérica: Teoría y Aplicaciones
    [The Expansion of Electricity Networks in North America: Theory and Applications]    ," MPRA Paper 26470, University Library of Munich, Germany.
  7. Paul L. Joskow, 2013. "Incentive Regulation in Theory and Practice: Electricity Distribution and Transmission Networks," NBER Chapters, in: Economic Regulation and Its Reform: What Have We Learned? National Bureau of Economic Research, Inc.
  8. Vajjhala, Shalini P. & Fischbeck, Paul S., 2007. "Quantifying siting difficulty: A case study of US transmission line siting," Energy Policy, Elsevier, vol. 35(1), pages 650-671, January.
  9. Lanz, Bruno & Rausch, Sebastian, 2011. "General equilibrium, electricity generation technologies and the cost of carbon abatement: A structural sensitivity analysis," Energy Economics, Elsevier, vol. 33(5), pages 1035-1047, September.
  10. Juan Rosellón & Zdenka Mysliková & Eric Zenón, 2010. "Incentives for Transmission Investment in the PJM Electricity Market: FTRs or Regulation (or Both?)," Discussion Papers of DIW Berlin 1026, DIW Berlin, German Institute for Economic Research.
  11. Sharabaroff, Alexander & Boyd, Roy & Chimeli, Ariaster, 2009. "The environmental and efficiency effects of restructuring on the electric power sector in the United States: An empirical analysis," Energy Policy, Elsevier, vol. 37(11), pages 4884-4893, November.
  12. Christoph Weber & Philip Vogel, 2005. "Decentralized energy supply and electricity market structures," EWL Working Papers 0501, University of Duisburg-Essen, Chair for Management Science and Energy Economics, revised Nov 2005.
  13. SMEERS, Yves, 2005. "How well can one measure market power in restructured electricity systems ?," CORE Discussion Papers 2005050, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  14. de Nooij, Michiel, 2011. "Social cost-benefit analysis of electricity interconnector investment: A critical appraisal," Energy Policy, Elsevier, vol. 39(6), pages 3096-3105, June.
  15. Machiel Mulder & Victoria Shestalova & Mark Lijesen, 2005. "Vertical separation of the energy-distribution industry; an assessment of several options for unbundling," CPB Document 84, CPB Netherlands Bureau for Economic Policy Analysis.

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