Market Restructuring, Competition and the Efficiency of Electricity Generation: Plant-level Evidence from the United States 1996 to 2006 Journal Article uri icon

Overview

abstract

  • This paper examines the effects of market restructuring initiatives that introduced competition into the United States electricity industry on the thermal efficiency of electricity generation. An empirical model is estimated on annual data for over 950 plants from 1996 to 2006. Model estimates show that access to wholesale electricity markets and retail choice together increased the efficiency of investor-owned plants by about nine percent and that these gains stem from organizational and technological changes within the plant. Although not directly targeted by restructuring initiatives, similar efficiency gains are also found for municipality-owned plants. This result suggests that the potential benefits from competition have spilled over to public electricity generation.

publication date

  • January 1, 2013

has restriction

  • bronze

Date in CU Experts

  • November 1, 2013 2:05 AM

Full Author List

  • Dean Craig J; Savage SJ

author count

  • 2

Other Profiles

International Standard Serial Number (ISSN)

  • 0195-6574

Electronic International Standard Serial Number (EISSN)

  • 1944-9089

Additional Document Info

start page

  • 1

end page

  • 32

volume

  • 34

issue

  • 1