Challenges for Creating a Comprehensive National Electricity Policy
AbstractThe industry structure and regulatory framework that characterizes the electric power sector in the U.S. is in a state of disarray. Some regions have adopted a fully liberalized electricity sector model, others have retained the traditional model of regulated vertically integrated monopolies, while still other regions are "stuck" with combinations of both. This situation will undermine the ability of the U.S. electric power sector (a) to provide an abundant and reliable supply of electricity efficiently, (b) to confront retail consumers with the appropriate prices to encourage efficient utilization of electricity, (c) to meet greenhouse gas mitigation goals efficiently, and (d) to support efforts to increase energy security and reliability. A federal reform program for dealing with the underlying structural and regulatory problems is suggested.
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Bibliographic InfoPaper provided by European University Institute in its series RSCAS Working Papers with number 2009/01.
Date of creation: 02 Feb 2009
Date of revision:
electricity; regulation; deregulation; energy;
Other versions of this item:
- Paul Joskow, 2008. "Challenges for Creating a Comprehensive National Electricity Policy," Working Papers 0819, Massachusetts Institute of Technology, Center for Energy and Environmental Policy Research.
- NEP-ALL-2009-03-07 (All new papers)
- NEP-ENE-2009-03-07 (Energy Economics)
- NEP-REG-2009-03-07 (Regulation)
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