The Economics of Bulk Power Exchanges
Jan 1, 1985
|Add to Cart||Paperback103 pages||$30.00||$24.00 20% Web Discount|
The Federal Energy Regulatory Commission (FERC) has recently authorized an experimental program to analyze the effects of modified regulation of wholesale transactions involving electric utilities. These experiments provide increased pricing flexibility and retention by utilities of some of the profits from wholesale power exchanges. They require open access to the transmission network. The purpose is to see if these changes lead to increased efficiency and to a competitive market for electric power. The study describes the principal concerns of FERC in conducting the experiments, the criteria to be used in evaluating their effects, and the method of analysis to be employed. It also discusses some problems that must be faced in conducting experiments of this type. Finally, it provides a preliminary evaluation of an expected experiment involving six utilities in the Southwest and describes the data that must be obtained if an analysis and evaluation of the experiment is to be conducted properly.
This report is part of the RAND Corporation Note series. The note was a product of the RAND Corporation from 1979 to 1993 that reported other outputs of sponsored research for general distribution.
This document and trademark(s) contained herein are protected by law. This representation of RAND intellectual property is provided for noncommercial use only. Unauthorized posting of this publication online is prohibited; linking directly to this product page is encouraged. Permission is required from RAND to reproduce, or reuse in another form, any of its research documents for commercial purposes. For information on reprint and reuse permissions, please visit www.rand.org/pubs/permissions.
The RAND Corporation is a nonprofit institution that helps improve policy and decisionmaking through research and analysis. RAND's publications do not necessarily reflect the opinions of its research clients and sponsors.