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Restructuring electricity policy and financial models

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  • Hyman, Leonard S.

Abstract

The old, regulated electric industry provided reliable service, not necessarily in the most economic manner, at a declining real price. The semi-competitive electric industry model now operating in the United States and the UK has shown that electric companies can operate more efficiently than before, but it has not delivered significantly greater benefits to consumers than the old model. Financial modelers and policy makers should address those issues whose solution will provide the most bang for the buck, in order to bring about greater benefits to consumers.

Suggested Citation

  • Hyman, Leonard S., 2010. "Restructuring electricity policy and financial models," Energy Economics, Elsevier, vol. 32(4), pages 751-757, July.
    • Handle: RePEc:eee:eneeco:v:32:y:2010:i:4:p:751-757
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    References listed on IDEAS

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    1. repec:aen:journl:2006v27-01-a01 is not listed on IDEAS
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    Cited by:

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    2. Pasrun Adam & Usman Rianse & Edi Cahyono & Manat Rahim, 2015. "Modeling of the Dynamics Relationship between World Crude Oil Prices and the Stock Market in Indonesia," International Journal of Energy Economics and Policy, Econjournals, vol. 5(2), pages 550-557.
    3. Sen Guo & Wenyue Zhang & Xiao Gao, 2020. "Business Risk Evaluation of Electricity Retail Company in China Using a Hybrid MCDM Method," Sustainability, MDPI, vol. 12(5), pages 1-21, March.
    4. Marc Escrihuela‐Villar & Carlos Gutiérrez‐Hita & José Vicente‐Pérez, 2020. "Supply function competition in a mixed electric power market," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 22(4), pages 1151-1175, August.
    5. Xiaojia Guo & Alexandros Beskos & Afzal Siddiqui, 2016. "The natural hedge of a gas-fired power plant," Computational Management Science, Springer, vol. 13(1), pages 63-86, January.
    6. repec:aen:eeepjl:eeep3_2_06bunn is not listed on IDEAS
    7. Višković, Verena & Chen, Yihsu & Siddiqui, Afzal S., 2017. "Implications of the EU Emissions Trading System for the South-East Europe Regional Electricity Market," Energy Economics, Elsevier, vol. 65(C), pages 251-261.
    8. Eric L. Prentis, 2015. "Evidence on U.S. Electricity Prices: Regulated Utility vs. Restructured States," International Journal of Energy Economics and Policy, Econjournals, vol. 5(1), pages 253-262.
    9. Daglish, Toby & de Bragança, Gabriel Godofredo Fiuza & Owen, Sally & Romano, Teresa, 2021. "Pricing effects of the electricity market reform in Brazil," Energy Economics, Elsevier, vol. 97(C).
    10. Nakajima, Tadahiro & Hamori, Shigeyuki, 2010. "Change in consumer sensitivity to electricity prices in response to retail deregulation: A panel empirical analysis of the residential demand for electricity in the United States," Energy Policy, Elsevier, vol. 38(5), pages 2470-2476, May.
    11. Detert, Neal & Kotani, Koji, 2013. "Real options approach to renewable energy investments in Mongolia," Energy Policy, Elsevier, vol. 56(C), pages 136-150.
    12. Paolo Pisciella & Marida Bertocchi & Maria Vespucci, 2016. "A leader-followers model of power transmission capacity expansion in a market driven environment," Computational Management Science, Springer, vol. 13(1), pages 87-118, January.

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