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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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    Cited by:

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    3. Michail Chronopoulos, Derek Bunn, and Afzal Siddiqui, 2014. "Optionality and Policymaking in Re-Transforming the British Power Market," Economics of Energy & Environmental Policy, International Association for Energy Economics, vol. 0(Number 2).
    4. 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.
    5. 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).
    6. 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.
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    8. 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.
    9. Lavrutich, Maria & Hagspiel, Verena & Siddiqui, Afzal S., 2023. "Transmission investment under uncertainty: Reconciling private and public incentives," European Journal of Operational Research, Elsevier, vol. 304(3), pages 1167-1188.
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    12. 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.

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