TY  - BOOK
AU  - Acton,Jan Paul
AU  - Besen,Stanley M.
AU  - Hayashi,Toshi
ED  - Rand Corporation.
ED  - United States.
ED  - United States.
TI  - Regulation, efficiency, and competition in the exchange of electricity: first-year results from the FERC bulk power market experiment 
SN  - 0833006843 (pbk.)
AV  - HD9685.U5 A5857 1985
PY  - 1985///
CY  - Santa Monica, CA
PB  - RAND
KW  - Electric utilities
KW  - Government policy
KW  - United States
KW  - Emergency power supply
KW  - Interconnected electric utility systems
N1  - "October 1985."; Includes bibliographical references (p. 117-120); Also available on the internet via WWW in PDF format
N2  - 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
UR  - http://www.rand.org/pubs/reports/R3301/
ER  -