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Cluster :  Tutorials

Session Information  : Sunday Nov 05, 16:30 - 18:00

Title:  Tutorial: Electricity Deregulation: What is Wrong & How We Got There

Abstract Details

Title: Electricity Deregulation: What is Wrong & How We Got There
 Presenting Author: Lester Lave,Professor, Tepper School of Business, Carnegie Mellon University, 5000 Forbes Avenue, Pittsburgh PA 15213, United States, lave@cmu.edu
 Co-Author: Seth Blumsack,Department of Engineering and Public Policy, Carnegie Mellon University, 5000 Forbes Ave., Pittsburgh PA 15213-3890, blumsack@cmu.edu
 
Abstract: Regulated monopolies for electricity supply worked well from 1910 until 1975, when a host of problems led to deregulation. But deregulation has produced higher prices, unreliability, and transmission congestion. Recently the emphasis on deregulation has eased and some states have returned to their original regulatory regimes. We explore reasons for current problems in electricity markets and evaluate solutions. We conclude that either regime may satisfy market demands, though neither will produce a free competitive market.