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- catalog abstract "The US electricity industry currently consists of vertically integrated regional utilities welding monopolistic power over their own geographic markets under the supervision of state and federally appointed regulators. Construction of the national grid of interconnected high voltage transmission lines that allow the bulk transport of electricity across the nation, over-capacity and the move away from centralized generation has eliminated many of the justifications for monopoly control and regulation of generation and transmission. As with the airline industry, natural gas and telecommunications, an open and competitive market is now possible. This thesis investigates and discusses the alternative market structures that are currently being proposed for a deregulated and competitive electricity industry, namely the centralized "Poolco" and the decentralized or bilateral "NetCoor" models and determine the attributes of each most likely to promote market efficiency. Further, by hypothesizing that both models will be allowed to evolve so as to enhance flexibility and economic efficiency in the market, then the final equilibrium market structures bear remarkable similarities in their underlying characteristics. The public policy decision then becomes not which market structure to choose for a deregulated and competitive electricity market but rather which path to choose in transition to the equilibrium market structure.".
- catalog contributor b8949027.
- catalog contributor b8949028.
- catalog created "1995.".
- catalog date "1995".
- catalog date "1995.".
- catalog dateCopyrighted "1995.".
- catalog description "Includes bibliographical references.".
- catalog description "The US electricity industry currently consists of vertically integrated regional utilities welding monopolistic power over their own geographic markets under the supervision of state and federally appointed regulators. Construction of the national grid of interconnected high voltage transmission lines that allow the bulk transport of electricity across the nation, over-capacity and the move away from centralized generation has eliminated many of the justifications for monopoly control and regulation of generation and transmission. As with the airline industry, natural gas and telecommunications, an open and competitive market is now possible. This thesis investigates and discusses the alternative market structures that are currently being proposed for a deregulated and competitive electricity industry, namely the centralized "Poolco" and the decentralized or bilateral "NetCoor" models and determine the attributes of each most likely to promote market efficiency. Further, by hypothesizing that both models will be allowed to evolve so as to enhance flexibility and economic efficiency in the market, then the final equilibrium market structures bear remarkable similarities in their underlying characteristics. The public policy decision then becomes not which market structure to choose for a deregulated and competitive electricity market but rather which path to choose in transition to the equilibrium market structure.".
- catalog description "Thesis (M.S.)--Massachusetts Institute of Technology, Alfred P. Sloan School of Management, 1995.".
- catalog extent "67 p. :".
- catalog isPartOf "MIT-CEEPR (Series) ; 95-004WP.".
- catalog isPartOf "MIT-CEEPR ; 95-004WP".
- catalog issued "1995".
- catalog issued "1995.".
- catalog language "eng".
- catalog publisher "Cambridge, Mass. : Center for Energy and Environmental Policy Research, Massachusetts Institute of Technology,".
- catalog subject "Electric utilities Deregulation.".
- catalog title "The electric power industry : deregulation and market structure / by Robert Thomson.".
- catalog type "text".