Open AccessStrategies to address transition costs in the electricity industry
Author(s) -
Lester W. Baxter,
Stanton W. Hadley,
Eric Hirst
Publication year - 1996
Publication title -
osti oai (u.s. department of energy office of scientific and technical information)
Language(s) - English
Resource type - Reports
DOI - 10.2172/409931
Subject(s) - wheeling , business , negotiation , shareholder , electric utility , electricity , industrial organization , depreciation (economics) , competition (biology) , economics , public economics , finance , microeconomics , corporate governance , profit (economics) , ecology , chemistry , electrical engineering , capital formation , financial capital , political science , law , biology , engineering
Restructuring the US electricity industry has become the nation`s central energy issue for the 1990s. Restructuring proposals at the federal and state levels focus on more competitive market structures for generation and the integration of transmission within those structures. The proposed move to more competitive generation markets will expose utility costs that are above those experienced by alternative suppliers. Debate about these above-market, or transition, costs (e.g., their size,who will pay for them and how) has played a prominent role in restructuring proceedings. This paper presents results from a project to systematically assess strategies to address transition costs exposed by restructuring the electricity industry
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