02641cam a2200433 i 4500001001900000003000500019008004100024010001600065020002200081027002000103035002000123037001100143040001900154043001200173050002600185100003000211245021600241264003700457300005200494336002600546337002600572337002800598338003600626338002700662500002000689504005400709520093700763530005801700588004701758650005801805650004301863650006001906700003101966700002901997710002202026710005802048710004202106856005902148rnd000000000047429RAND920212s1985    cauab    b    000 0 eng d  a   86102325  a0833006843 (pbk.)  aRAND/R-3301-DOE  a(Sirsi) a188549  c$30.00  aCstmoRcCstmoR  an-us---00aHD9685.U5bA5857 19851 aActon, Jan Paul.eauthor.10aRegulation, efficiency, and competition in the exchange of electricity :bfirst-year results from the FERC bulk power market experiment /cJan Paul Acton, Stanley M. Besen ; with the assistance of Toshi Hayashi. 1aSanta Monica, CA :bRAND,c1985.  axvii, 120 pages :billustrations, maps ;c23 cm  atextbtxt2rdacontent  acomputerbc2rdamedia  aunmediatedbn2rdamedia  aonline resourcebcr2rdacarrier  avolumebnc2rdacarrier  a"October 1985."  aIncludes bibliographical references (p. 117-120).  aThis 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.  aAlso available on the internet via WWW in PDF format.  aDescription based on print version record. 0aElectric utilitiesxGovernment policyzUnited States. 0aEmergency power supplyzUnited States. 0aInterconnected electric utility systemszUnited States.1 aBesen, Stanley M.eauthor.1 aHayashi, Toshi.eauthor.2 aRand Corporation.1 aUnited States.bFederal Energy Regulatory Commission.1 aUnited States.bDepartment of Energy.41yOnline Accessuhttp://www.rand.org/pubs/reports/R3301/