Transmission Policy in the United States
AbstractThis 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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Bibliographic InfoPaper provided by Faculty of Economics, University of Cambridge in its series Cambridge Working Papers in Economics with number 0454.
Date of creation: Oct 2004
Date of revision:
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Web page: http://www.econ.cam.ac.uk/index.htm
Electricity; Transmission; Regulation; Deregulation;
Other versions of this item:
- L94 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Electric Utilities
- L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation
- K2 - Law and Economics - - Regulation and Business Law
This paper has been announced in the following NEP Reports:
- NEP-ALL-2004-10-21 (All new papers)
- NEP-COM-2004-10-21 (Industrial Competition)
- NEP-LAW-2004-10-21 (Law & Economics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- 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.
- Joskow, P.L., 2003.
"The Difficult Transition to Competitive Electricity Markets in the U.S,"
Cambridge Working Papers in Economics
0328, Faculty of Economics, University of Cambridge.
- Joskow, Paul L., 2003. "The Difficult Transition to Competitive Electricity Markets in the U.S," Working paper 207, Regulation2point0.
- Paul L. Joskow, 2003. "The Difficult Transition to Competitive Electricity Markets in the U.S," Working Papers 0308, Massachusetts Institute of Technology, Center for Energy and Environmental Policy Research.
- Paul Joskow & Jean Tirole, 2003.
"Merchant Transmission Investment,"
0304, Massachusetts Institute of Technology, Center for Energy and Environmental Policy Research.
- Paul Joskow & Jean Tirole, 2003. "Merchant Transmission Investment," NBER Working Papers 9534, National Bureau of Economic Research, Inc.
- Joskow, P. & Tirole, J., 2003. "Merchant Transmission Investment," Cambridge Working Papers in Economics 0324, Faculty of Economics, University of Cambridge.
- Joskow, Paul & Tirole, Jean, 2004. "Merchant Transmission Investment," IDEI Working Papers 263, Institut d'Économie Industrielle (IDEI), Toulouse.
- 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.
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