IDEAS home Printed from https://ideas.repec.org/a/cup/jnlpup/v39y2019i03p483-515_00.html
   My bibliography  Save this article

Do markets make good commissioners?: A quasi-experimental analysis of retail electric restructuring in Ohio

Author

Listed:
  • Dormady, Noah
  • Jiang, Zhongnan
  • Hoyt, Matthew

Abstract

Empirical support for the purported benefits of retail electric deregulation is mixed at best. Prior studies that identify states as simply “retail deregulated†overlook complex policy environments in which deregulation is implemented by regulators with a high degree of discretion. Prior studies also rely on Energy Information Administration data that do not account for core regulatory interventions that can take place during the process of implementing deregulation. Using robust time series household final bill survey data from the Public Utilities Commission of Ohio, this article provides a quasi-experimental analysis of the price impacts of retail electric restructuring in Ohio. The results suggest that residential electricity prices have increased following retail restructuring in all service territories in Ohio, with significant favourable welfare effects observed only in the Cincinnati area, where key policy implementation stages were not circumvented.

Suggested Citation

  • Dormady, Noah & Jiang, Zhongnan & Hoyt, Matthew, 2019. "Do markets make good commissioners?: A quasi-experimental analysis of retail electric restructuring in Ohio," Journal of Public Policy, Cambridge University Press, vol. 39(3), pages 483-515, September.
    • Handle: RePEc:cup:jnlpup:v:39:y:2019:i:03:p:483-515_00
    as

    Download full text from publisher

    File URL: https://www.cambridge.org/core/product/identifier/S0143814X18000168/type/journal_article
    File Function: link to article abstract page
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Dormady, Noah C. & Jones, Douglas N. & Roe, Brian E. & Rub, Guy A., 2019. "An intersection of privatization and public utility regulation: The Ohio State University's energy concession agreement," Utilities Policy, Elsevier, vol. 59(C), pages 1-1.
    2. Simone Di Leo & Marta Chicca & Cinzia Daraio & Andrea Guerrini & Stefano Scarcella, 2022. "A Framework for the Analysis of the Sustainability of the Energy Retail Market," Sustainability, MDPI, vol. 14(12), pages 1-28, June.
    3. Bowen, William M. & Hill, Edward (Ned) & Thomas, Andrew & Liu, Ruoran & Henning, Mark, 2023. "Consumer price effects of deregulated electric generation markets: The case of Ohio and the midwestern United States," Utilities Policy, Elsevier, vol. 83(C).
    4. Chaiken, Benjamin & Duggan, Joseph E. & Sioshansi, Ramteen, 2021. "Paid to produce absolutely nothing? A Nash-Cournot analysis of a proposed power purchase agreement," Energy Policy, Elsevier, vol. 156(C).

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cup:jnlpup:v:39:y:2019:i:03:p:483-515_00. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Kirk Stebbing (email available below). General contact details of provider: https://www.cambridge.org/pup .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.