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Transmission policy in the United States

Author

Listed:
  • Paul Joskow

    (Massachusetts Institute of Technology (MIT) and Director of the MIT Center for Energy and Environmental Policy Research (CEEPR))

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.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Paul Joskow, 2004. "Transmission policy in the United States," Working Papers EP54, Energy Policy Research Group, Cambridge Judge Business School, University of Cambridge.
  • Handle: RePEc:enp:wpaper:ep54
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    JEL classification:

    • 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

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