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U.S. Electrical System Reliability: Deregulated Retail Choice States Evidence and Market Modeling

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  • Eric L. Prentis

    (Department of Economics, Finance & DIS, University of St. Thomas, Houston, TX, USA)

Abstract

The goal of this paper is to test if the promised U.S. electrical system high reliability standards are being maintained, once states deregulate their electric utilities. This research is the first in the literature to combine states that offer retail choice, by deregulating their electric utilities, with North American Electric Reliability Corporation reserve margin forecasts, from 2014-2023, to analyze whether deregulated retail-choise states are adding adequate generating capacity to meet demand, and thus provide high electrical system reliability, when compared to the U.S. as a whole. This paper's results on electricity energy policy. Additionally, this is the first paper in the literature to propose a new space- time bussiness model that adequately addresses the complex, multidiscipline, mutlidimensional, U.S. electrical system deregulated market. Future research will specify the new business model's mathematical formulation.

Suggested Citation

  • Eric L. Prentis, 2014. "U.S. Electrical System Reliability: Deregulated Retail Choice States Evidence and Market Modeling," International Journal of Energy Economics and Policy, Econjournals, vol. 4(4), pages 588-598.
    • Handle: RePEc:eco:journ2:2014-04-09
    as

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    References listed on IDEAS

    as
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    3. AfDB AfDB, . "Annual Report 2012," Annual Report, African Development Bank, number 461.
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    More about this item

    Keywords

    U.S. electrical system reliability; Electric utility deregulation; Electricity energy only and capacity markets.;
    All these keywords.

    JEL classification:

    • G31 - Financial Economics - - Corporate Finance and Governance - - - Capital Budgeting; Fixed Investment and Inventory Studies
    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation
    • H44 - Public Economics - - Publicly Provided Goods - - - Publicly Provided Goods: Mixed Markets
    • K23 - Law and Economics - - Regulation and Business Law - - - Regulated Industries and Administrative Law

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