Publications

    Arkin, Zander. “Benefits of Cometition” (1995).Abstract

    EXCERPT FROM THE INTRODUCTION:

    Regulatory reform has, to varying degrees, increased competition in traditionally regulated industries including financial services, transportation, telecommunication and energy. This trend toward deregulation has been driven by improvements in technology and the marketplace as well as cyclical economic and political change. Because traditionally regulated industries are very large and usually provide essential goods and svices, thier health and efficiency have serious ramification for the economy as a whole and there has been extensive research, analysis, and debate, both ex ante  and ex post, concerning the effects of deregulation and the value of competition in different industries and markets.

    Brown, Ashley. “Honey, I Shrunk The Franchise!The Electricity Journal (1995).Abstract
    Detroit Edison's suit to halt the Michigan Commission's
    limited retail wheeling experiment could result in two
    ironies: (1) Edison may still be required to wheel power to
    retail customers, but at rates less likely to be fully
    compensatory, and (2) its generation will be more devalued
    than it would have been without the suit.
    Hogan, William W.A Wholesale Pool Spot Market Must Be Administered by the Independent System Operator: Avoiding the Separation Fallacy.” In, 1995.Abstract

    Excerpt from the Introduction:

    The notion of an Independent System Operator (ISO) has gained some currency in discussions of electricity market restructuring. There are significant advantages in this approach, but the key to success will be in a careful specification of the functions and responsibilities of the ISO. Simple independence of the individual participants is not enough; the ISO should support an efficient, competitive market. There is wide recognition that there must be a system operator coordinating use of the transmission system. This control of the use of the transmission grid means control of the dispatch, at least at the margin, because adjusting the dispatch is the principal (or, in some cases, only) means of affecting the flow of power on the grid. That this system operator should also be independent of the existing utilities is attractive in the greater simplicity of achieving equal treatment of all market participants. The ISO would be providing a service, but would not be competing in the energy market. Hence, the easy-to-state but hard-to-enforce principle of comparability would be transformed into an easier to enforce principle of non-discrimination.

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