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Competition and the Regulation of Utilities

Competition and the Regulation of Utilities
Author: Michael A. Crew
Publisher: Springer Science & Business Media
Total Pages: 217
Release: 2012-12-06
Genre: Business & Economics
ISBN: 1461540488

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companies to diversify may outweigh the costs of doing so, and that some traditional regulatory concerns may be excessively restrictive. The papers by Hillman, Harris, and Jang and Norsworthy, while all relating to individual industries, have lessons for other regulated industries. Hillman's paper, "Oil Pipeline Rates: A Case for Yardstick Regulation," deals with the important topic of yardstick regulation for oil pipelines. While his application is highly specific, the potential application of yardstick regulation goes beyond oil pipelines. He reviews the evolution in the law regulating oil pipelines. While showing that some progress has been made in introducing economic efficiency considerations into regulation, he provides a careful critique of the operation of existing regulation and suggests an alternative based upon a yardstick approach. His approach seeks to use competitive market prices as the yardstick, with administration of price discrimination limited to dealing with possible "favoritism" to subsidiaries and affiliates. "Telecommunications Services as a Strategic Industry: Implications for United States Public Policy" by Harris and "Productivity Growth and Technical Change in the United States Telecommunications Equipment Manufacturing Industries" by Jang and Norsworthy provide important insights for telecommunications.


Regulating Public Utility Performance

Regulating Public Utility Performance
Author: Scott Hempling
Publisher:
Total Pages: 0
Release: 2013
Genre: Public utilities
ISBN: 9781627222921

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Organizing a century of legal principles to help the U.S. public utility industry resolve tensions created by the current legal boundaries of legal regulation and fashion new policies for the future. Its mix of case narratives and doctrine, drawn from all legal sources, is geared to lawyers and non-lawyers, veterans and novices, practitioners and decision-makers, academics and the media--anyone seeking to use the law to serve the public interest. Topics covered include market structure, pricing, and jurisdictional issues.


Direct Electric Utility Competition

Direct Electric Utility Competition
Author: Walter J. Primeaux
Publisher: Praeger Publishers
Total Pages: 326
Release: 1986
Genre: Business & Economics
ISBN:

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Regulating Utilities and Promoting Competition

Regulating Utilities and Promoting Competition
Author: Colin Robinson
Publisher: Edward Elgar Publishing
Total Pages: 241
Release: 2006-01-01
Genre: Law
ISBN: 1847200141

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. . . a treasure trove of valuable insight and commentary into the utility markets and how they are, and should be, regulated. European Competition Law Review Regulating Utilities and Promoting Competition continues the series of annual books, published in association with the Institute of Economic Affairs and the London Business School, which critically review the state of utility regulation and competition policy. With contributions by some of the leading figures in the field, this important new book presents incisive chapters on a number of prominent topics. These include, amongst others, the future of the railways, the international trade in gas, the economics and politics of wind power and the role of economics in merger reviews. A key feature of the book is the careful examination of fundamental issues, not only from the viewpoint of academic and other independent commentators, but also by the regulators and heads of competition authorities themselves. By addressing significant developments both in Britain and abroad, the authors draw important lessons about the policy changes needed as well as their subsequent implementation. This book will be of great value to practitioners, policymakers and academics alike who are concerned with regulation, deregulation and policies to promote competition.


Competition in the Electric Industry

Competition in the Electric Industry
Author: National Research Council
Publisher: National Academies Press
Total Pages: 98
Release: 1996-12-27
Genre: Science
ISBN: 0309056810

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Issues in Public Utility Regulation

Issues in Public Utility Regulation
Author: Michigan State University. Institute of Public Utilities
Publisher:
Total Pages: 598
Release: 1979
Genre: Law
ISBN:

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Power Structure

Power Structure
Author: John E. Kwoka Jr.
Publisher: Springer Science & Business Media
Total Pages: 200
Release: 2007-08-28
Genre: Business & Economics
ISBN: 0585229651

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Power Structure examines the effects on economic performance of several key features of the U.S. electric power industry. Paramount among these are public versus private ownership, vertical integration versus deintegration, and retail competition versus monopoly distribution. Each of these, as well as other structural characteristics of utilities and their markets, are analyzed for their effects on costs and price. These issues are important for a number of reasons. The U.S. electric power industry is presently embarking on a fundamental restructuring in terms of integration and competition. In other countries, privatization of state-owned enterprises is being viewed as the answer to unsatisfactory performance. From a longer perspective, the question of the relative performance of publicly owned versus privately owned utilities in the U.S. has never been resolved. And despite much speculation there is little reliable evidence as to the importance of either vertical integration or competition.


Regulation, Efficiency, and Competition in the Exchange of Electricity

Regulation, Efficiency, and Competition in the Exchange of Electricity
Author: Jan Paul Acton
Publisher:
Total Pages: 120
Release: 1985
Genre: Electric utilities
ISBN: 9780833006844

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This report presents the results of RAND's analysis of data from the first year of the Federal Energy Regulatory Commission's (FERC) Southwest bulk electric power market experiment. In successive sections, the authors describe current FERC regulation of transactions among electric utilities; develop a simple conceptual model of the economics of bulk power exchanges; discuss the effects of current regulation on the behavior of utilities in this model; describe the six utilities participating in the FERC experiment; and present efficiency and competitive analyses based on a paradigm of a hypothetical competitive and frictionless market consisting of the six participating utilities. The authors report mixed findings with respect to efficiency, and inconclusive results of the analysis of competitiveness. They suggest that refining the analytic technique and analyzing the second year of experimental data will be beneficial.--Publisher's description.


Incentive Regulation for Public Utilities

Incentive Regulation for Public Utilities
Author: Michael A. Crew
Publisher: Springer Science & Business Media
Total Pages: 222
Release: 2012-12-06
Genre: Business & Economics
ISBN: 1461527821

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This book is based on two seminars held at Rutgers on October 22, 1993, and May 6, 1994 entitled `Incentive Regulation for Public Utilities'. These contributions by leading scholars and practitioners represent some of the best new research in public utility economics and include topics such as the theory of incentive regulation, dynamic pricing, transfer pricing, issues in law and economics, pricing priority service, and energy utility resource planning.