000 02641cam a2200433 i 4500
001 rnd000000000047429
003 RAND
008 920212s1985 cauab b 000 0 eng d
010 _a 86102325
020 _a0833006843 (pbk.)
027 _aRAND/R-3301-DOE
035 _a(Sirsi) a188549
037 _c$30.00
040 _aCstmoR
_cCstmoR
043 _an-us---
050 0 0 _aHD9685.U5
_bA5857 1985
100 1 _aActon, Jan Paul.
_eauthor.
245 1 0 _aRegulation, 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.
264 1 _aSanta Monica, CA :
_bRAND,
_c1985.
300 _axvii, 120 pages :
_billustrations, maps ;
_c23 cm
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
337 _aunmediated
_bn
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
338 _avolume
_bnc
_2rdacarrier
500 _a"October 1985."
504 _aIncludes bibliographical references (p. 117-120).
520 _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.
530 _aAlso available on the internet via WWW in PDF format.
588 _aDescription based on print version record.
650 0 _aElectric utilities
_xGovernment policy
_zUnited States.
650 0 _aEmergency power supply
_zUnited States.
650 0 _aInterconnected electric utility systems
_zUnited States.
700 1 _aBesen, Stanley M.
_eauthor.
700 1 _aHayashi, Toshi.
_eauthor.
710 2 _aRand Corporation.
710 1 _aUnited States.
_bFederal Energy Regulatory Commission.
710 1 _aUnited States.
_bDepartment of Energy.
856 4 1 _yOnline Access
_uhttp://www.rand.org/pubs/reports/R3301/
999 _c599565
_d599565