Regulators and prominent academic experts believe that electric restructuring polices have stifled investment in new generation capacity. In chapter 3 I seek to determine whether these fears are supported by empirical evidence. I examine both total investment in megawatts and the number of new investments across regions that adopted different electric restructuring policies to determine whether electric restructuring is associated with lower levels of investment in new generation capacity. The estimation results do not prove that total investment levels are lower in regions with restructured electric systems, but I cannot rule the possibility out.This section contains numerical examples of the BSOC equilibrium in the DPA and UPA. The numerical examples in table 7 show the equilibrium UPA CDFs for three capacity pairs before and after the imposition of BSOCs. All numericalanbsp;...
|Title||:||Essays on Restructured Electricity Markets|
|Author||:||Emma Leah Nicholson|
|Publisher||:||ProQuest - 2008|