Chapter

Looking for Trouble: Competition Policy in the U.S. Electricity Industry

James Bushnell

in Electricity Deregulation

Published by University of Chicago Press

Published in print August 2005 | ISBN: 9780226308562
Published online February 2013 | e-ISBN: 9780226308586 | DOI: http://dx.doi.org/10.7208/chicago/9780226308586.003.0007
Looking for Trouble: Competition Policy in the U.S. Electricity Industry

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This chapter describes the methods that have traditionally been applied as screens for competitiveness problems in the electricity industry, as well as some of the alternatives that appear to be much better suited to restructured electricity markets in the U.S. It evaluates the market impact of a more competitive industry structure on the California market during the summer of 2000 using oligopoly models. The findings indicate that it is premature for policymakers to throw up their hands and abandon attempts at structural solutions to electricity market competition.

Keywords: competitiveness; electricity industry; U.S.; market impact; California; oligopoly models; electricity market competition

Chapter.  15721 words.  Illustrated.

Subjects: Econometrics and Mathematical Economics

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