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Results (212)
Publications
Household-Level Responses to the European Energy Crisis
Lassi Ahlvik, Tuomas Kaariaho, Matti Liski, and Iivo Vehviläinen
Challenges to Expanding EV Adoption and Policy Responses
Christopher R. Knittel and Shinsuke Tanaka
The Efficiency of Dynamic Energy Prices
Andrew J. Hinchberger, Mark R. Jacobsen, Christopher R. Knittel, James M. Sallee, and Arthur A. van Benthem
A Roadmap for Advanced Transmission Technology Adoption
Brian Deese, Rob Gramlich, and Anna Pasnau
Choosing Climate Policies in a Second-best World with Incomplete Markets: Insights from a Bilevel Power System Model
Emil Dimanchev, Steven A. Gabriel, Stein-Erik Fleten, Filippo Pecci, and Magnus Korpås
Bridging the Gaps: The Impact of Interregional Transmission on Emissions and Reliability
Audun Botterud, Christopher R. Knittel, John E. Parsons, Juan Ramon L. Senga, and S. Drew Story
Research Commentary: Understanding the Price Cap on Russian Oil and Its Role in Depressing Russian Oil Revenues
Catherine Wolfram
Shedding Light on Green Claims: The Impact of a Closer Temporal Alignment of Supply and Demand in Voluntary Green Electricity Markets
Hanna F. Scholta and Maximilian J. Blaschke
Research Commentary: U.S. Leadership in Scaling Capital for Multilateral Clean Energy Finance
Lily Bermel, Brian Deese, Brad Setser, Tess Turner, and Michael Weilandt
Regulation of Access, Pricing, and Planning of High Voltage Transmission in the U.S.
Joe DeLosa III, Johannes P. Pfeifenberger, Paul L. Joskow
Research Commentary: Evaluating the Impact of the BIG WIRES Act
Audun Botterud, Christopher R. Knittel, John E. Parsons, Juan Ramon L. Senga, and S. Drew Story
Designing Distribution Network Tariffs Under Increased Residential End-user Electrification: Can the US Learn Something from Europe?
Graham Turk, Tim Schittekatte, Pablo Dueñas Martínez, Paul L. Joskow and Richard Schmalensee
The Expansion of Incentive (Performance Based) Regulation of Electricity Distribution and Transmission in the United States
Paul L. Joskow
Can Digitalization Improve Public Services? Evidence from Innovation in Energy Management
Robyn Meeks, Jacquelyn Pless, and Zhenxuan Wang
Research Commentary: FERC Order 2023: Will it Unplug the Bottleneck?
Les Armstrong, Alexa Canaan, Christopher R. Knittel, and Gilbert E. Metcalf
Designing Incentive Regulation in the Electricity Sector
David P. Brown and David E. M. Sappington
Consequences of the Missing Risk Market Problem for Power System Emissions
Emil Dimanchev, Steven A. Gabriel, Lina Reichenberg, and Magnus Korpås
Economic Implications of the Climate Provisions of the Inflation Reduction Act
John Bistline, Neil Mehrotra, and Catherine Wolfram
Research Commentary: The EU Commission’s Proposal for Improving the Electricity Market Design: Treading Water, But Not Drowning
Carlos Batlle, Tim Schittekatte, Paolo Mastropietro, and Pablo Rodilla
Redistribution Through Technology: Equilibrium Impacts of Mandated Efficiency in Three Electricity Markets
Matti Liski and Iivo Vehviläinen
Exploring a Suitable Business Model for Nuclear Batteries
Santiago Andrade Aparicio and John E. Parsons
Power Price Crisis in the EU 3.0: Proposals to Complete Long-Term Markets
Tim Schittekatte and Carlos Batlle
Research Commentary: Calls for an Electricity Market Reform in the EU: Don’t Shoot the Messenger
Tim Schittekatte and Carlos Batlle
Research Commentary: Economy-Wide Decarbonization Requires Fixing Retail Electricity Rates
Tim Schittekatte, Dharik Mallapragada, Paul L. Joskow, and Richard Schmalensee
Electricity Retail Rate Design in a Decarbonizing Economy: An Analysis of Time-of-Use and Critical Peak Pricing
Tim Schittekatte, Dharik Mallapragada, Paul L. Joskow, and Richard Schmalensee
Rational Rationing: A Price-Control Mechanism for a Persistent Supply Shock
Reyer Gerlagh, Matti Liski, and Iivo Vehviläinen
The Macroeconomic Effects of a Carbon Tax to Meet the U.S. Paris Agreement Target: The Role of Firm Creation and Technology Adoption
Alan Finkelstein-Shapiro and Gilbert E. Metcalf
Long-term Equilibrium in Electricity Markets with Renewables and Energy Storage Only
Guillaume Tarel, Magnus Korpås, and Audun Botterud
When “Low-Hanging Fruit” Are Beyond Reach: Management Practices and Firm Energy Efficiency
Valerie J. Karplus and Da Zhang
Deregulation, Market Power, and Prices: Evidence from the Electricity Sector
Alexander MacKay and Ignacia Mercadal
Electricity Sector Policy Reforms to Support Efficient Decarbonization
Howard K. Gruenspecht, Hannes Pfeifenberger, Paul L. Joskow, Richard Schmalensee
Coping with National Fuel Subsidies in Regional Power Markets: Application to the Gulf Cooperation Council Interconnector
Abdullah Alawad, Pablo Dueñas, Ahmad Alabdulkareem, and Carlos Batlle
Technology Neutral vs. Technology Specific Procurement
Natalia Fabra and Juan-Pablo Montero
Power Price Crisis in the EU: Unveiling Current Policy Responses and Proposing a Balanced Regulatory Remedy
Carlos Batlle, Tim Schittekatte, and Christopher R. Knittel
Properties of Deeply Decarbonized Electric Power Systems with Storage
Cristian Junge, Cathy Wang, Dharik S. Mallapragada, Howard K. Gruenspecht, Hannes Pfeifenberger, Paul L. Joskow, and Richard Schmalensee
Electricity Pricing Problems in Future Renewables-Dominant Power Systems
Dharik S. Mallapragada, Cristian Junge, Cathy Wang, Hannes Pfeifenberger, Paul L. Joskow, and Richard Schmalensee
Gas Balancing Rules Must Take into account the Trade-off between Offering Pipeline Transport and Pipeline Flexibility in Liberalized Gas Markets
Nico Keyaerts, Michelle Hallack, Jean-Michel Glachant and William D'haeseleer
Comparing the Costs of Intermittent and Dispatchable Electricity Generating Technologies
Paul L. Joskow
Electricity Network Tariff Architectures: A Comparison of Four OECD Countries
Vivek Sakhrani and John E. Parsons
Taxation and the Extraction of Exhaustible Resources: Evidence From California Oil Production
Nirupama S. Rao
Comparison of the Evolution of Energy Intensity in Spain and in the EU15. Why is Spain Different?
María Mendiluce, Ignacio Pérez-Arriaga and Carlos Ocaña
A Comprehensive Approach for Computation and Implementation of Efficient Electricity Transmission Network Charges
Luis Olmos and Ignacio J. Pérez-Arriaga
Regulatory Instruments for Deployment of Clean Energy Technologies
Ignacio J. Pérez-Arriaga
Multi-Factor Model of Correlated Commodity - Forward Curves for Crude Oil and Shipping Markets
Paul D. Sclavounos and Per Einar Ellefsen
A Top-down and Bottom-up look at Emissions Abatement in Germany in response to the EU ETS
A. Denny Ellerman and Stephan Feilhauer
An Empirical Model of Imperfect Dynamic Competition and Application to Hydroelectricity Storage
Olli Kauppi and Matti Liski
CO2 Abatement in the UK Power Sector: Evidence from the EU ETS Trial Period
Meghan McGuinness and A. Denny Ellerman
The Effect of Power Plants on Local Housing Values and Rents: Evidence from Restricted Census Microdata
Lucas W. Davis
Short-Term CO2 Abatement in the European Power Sector
Erik D. Delarue, A. Denny Ellerman and William D. D
The Diversity of Design of TSOs
Vincent Rious, Jean-Michel Glachant, Yannick Perez and Philippe Dessante
The Effects of Interactions between Federal and State Climate Policies
Meghan McGuinness and A. Denny Ellerman
Market Power and Electricity Market Reform in Northeast China
Xiaochun Zhang and John E. Parsons
The Macroeconomic Effects of Oil Price Shocks: Why are the 2000s so different from the 1970s?
Olivier J. Blanchard and Jordi Galí
First Evidence of Asymmetric Cost Pass-Through of EU Emissions Allowances: Examining Wholesale Electricity Prices in Germany
Georg Zachmann and Christian von Hirschhausen
Time and Location Differentiated NOX Control in Competitive Electricity Markets Using Cap-and-Trade Mechanisms
Katherine C. Martin, Paul L. Joskow, and A. Denny Ellerman
Public Attitudes Toward America's Energy Options - Report of the 2007 MIT Energy Survey
Stephen Ansolabehere
An Institutional Frame to Compare Alternative Market Designs in EU Electricity Balancing
Jean Michel Glachant and Marcelo Saguan
Infrastructure Investments and Resource Adequacy in the Restructured US Natural Gas Market - Is Supply Security at Risk?
Christian von Hirschhausen
The Allocation of European Union Allowances: Lessons, Unifying Themes and General Principles
Barbara Buchner, Carlo Carraro and A. Denny Ellerman
The Convergence of Market Designs for Adequate Generating Capacity with Special Attention to the CAISO’s Resource Adequacy Problem
Peter Cramton and Steven Stoft
Energy Prices and Energy Intensity in China: A Structural Decomposition Analysis and Econometrics Study
Xiaoyu Shi and Karen R. Polenske
Using Futures Prices to Filter Short-term Volatility and Recover a Latent, Long-term Price Series for Oil
Miguel Herce, John E. Parsons and Robert C. Ready
Efficient Bidding for Hydro Power Plants in Markets for Energy and Ancillary Services
Dmitri Perekhodtsev and Lester Lave
Electricity Internal Market in the European Union: What to do next?
Jean-Michel Glachant and François Lévêque
Incentive Regulation in Theory and Practice: Electricity Distribution and Transmission Networks
Paul L. Joskow
Oil and Natural Gas Reserve Prices: Addendum to CEEPR WP 03-016: Including Results for 2003 and Revisions to 2001
M. A. Adelman and G. C. Watkins
Welfare-enhancing Collusion in the Presence of a Competitive Fringe
Juan-Pablo Montero and Juan Ignacio Guzman
Electricity Market Reform in the European Union: Review of Progress toward Liberalization & Integration
Tooraj Jamasb and Michael Pollitt
A Review of the Monitoring of Market Power: The Possible Roles of TSOs in Monitoring for Market Power Issues in Congested Transmission Systems
Paul Twomey, Richard Green, Karsten Neuhoff, and David Newbery
A Residential Energy Demand System for Spain
Xavier Labandeira, José M. Labeaga, and Miguel Rodriguez
Does Competition Reduce Costs? Assessing the Impact of Regulatory Restructuring on U.S. Electric Generation Efficiency
Nancy L. Rose, Kira Markiewicz, and Catherine Wolfram
International Market Intergration for Natural Gas? A Cointergration Analysis of Prices in Europe, North America, and Japan
Guillaume L'Hegaret, Boriss Siliverstovs, and Christian von Hirschhausen
Oil and Natural Gas Reserve Prices 1982-2002: Implications for Depletion and Investment Cost
M.A. Adelman and G.C. Watkins
Diagnosing and Mitigating Market Power in Chile's Electricity Industry
M. Soledad Arellano
Why did British Electricity Prices Fall After 1998?
Joanne Evans and Richard Green
Transmission Pricing of Distributed Multilateral Energy Transactions to Ensure System Security and Guide Economic Dispatch
Maria Ilić, Eric Hsieh, and Prasad Ramanan
Statement of Professor Paul L. Joskow Before The US Senate Committee on Govermental Affairs
Paul L. Joskow
The Role of Content Regulation On Pricing and Market Power in Regional Retail and Wholesale Gasoline Markets
Erich Muehlegger
Auctions to gas transmission access: The British experience
Tanga McDaniel and Karsten Neuhoff
The Wholesale Market for Electricity in England and Wales: Recent Developments and Future Reforms
Andrew Sweeting
Panel Data Analysis of U. S. Coal Productivity
Thomas M. Stoker, Ernst. R. Berndt, A. Denny Ellerman, Susanne M. Schennach
Transmission Rights and Market Power on Electric Power Networks I: Financial Rights
Paul Joskow and Jean Tirole
Transmission Rights and Market Power on Electric Power Networks II: Physical Rights
Paul Joskow and Jean Tirole
The Portfolio of Generation Facilities in Japan's Electric Power Sector, Past and Future
Naoto Nishimura
Economic Development and the Structure of the Demand for Commercial Energy
Ruth A. Judson, Richard Schmalensee, and Thomas M. Stoker
The Geographic Expanse of the Market for Wholesale Electricity
Elizabeth M. Bailey
Technology Adoption and Early Network Infrastructure Provision in the Market for Electric Vehicles
Nathan Delacrétaz, Bruno Lanz, and Jeremy van Dijk
CO2 Abatement from Renewable Energy Injections in the German Electricity
Hannes Weigt, Erik Delarue and Denny Ellerman
Policies for Electrifying the Light-Duty Vehicle Fleet in the United States
Cassandra Cole, Michael Droste, Christopher R. Knittel, Shanjun Li, and James H. Stock
Intermittent versus Dispatchable Power Sources: An Integrated Competitive Assessment
Gunther Glenk and Stefan Reichelstein
Challenges and Opportunities for Decarbonizing Power Systems in the US Midcontinent
Pablo Duenas-Martinez, Karen Tapia-Ahumada, Joshua Hodge, Raanan Miller, and John E. Parsons
A Domestic Content Rule for Electric Vehicle Lithium-Ion Batteries Will Protect U.S. Jobs
Amelia Pedone and John Deutch
Facilitating Transmission Expansion to Support Efficient Decarbonization of the Electricity Sector
Paul L. Joskow
Energy Conversion and Storage: The Value of Reversible Power-to-Gas Systems
Gunther Glenk and Stefan Reichelstein
Policy Options to Enable an Equitable Energy Transition
Daniel Raimi, Aurora Barone, Sanya Carley, David Foster, Emily Grubert, Julia Haggerty, Jake Higdon, Michael Kearney, David Konisky, Jennifer Michael, Gilbert Michaud, Sade Nabahe, Nina Peluso, Molly Robertson, and Tony Reames
Grid Impacts of Highway Electric Vehicle Charging and the Role for Mitigation via Energy Storage
Andrew M. Mowry and Dharik S. Mallapragada
Energy Storage Investment and Operation in Efficient Electric Power Systems
Cristian Junge, Dharik Mallapragada, and Richard Schmalensee
Distributional Effects of Net Metering Policies and Residential Solar Plus Behind-the-meter Storage Adoption
Andrés Inzunza and Christopher R. Knittel
The Roosevelt Project: A New Deal for Employment, Energy and Environment
Ernest J. Moniz and Michael J. Kearney
Social Impacts of Energy Transition
Jason W. Beckfield, D. A. Evrard, Robert J. Sampson, and Mary C. Waters
Quantifying the Distributional Impacts of Rooftop Solar PV Adoption Under Net Energy Metering
Scott P. Burger, Christopher R. Knittel, and Ignacio J. Pérez-Arriaga
The Short-run and Long-run Effects of COVID-19 on Energy and the Environment
Kenneth T. Gillingham, Christopher R. Knittel, Jing Li, Marten Ovaere, and Mar Reguant
Evolving Bidding Formats and Pricing Schemes in US and Europe Day-Ahead Electricity Markets
Carlos Batlle, Ignacio Herrero, and Pablo Rodilla
Electrifying Transportation: Issues and Opportunities
Bentley C. Clinton, Christopher R. Knittel, Konstantinos Metaxoglou
The Value of Pumped Hydro Storage for Deep Decarbonization of the Spanish Grid
Anthony Fratto Oyler and John E. Parsons
Optimality Conditions and Cost Recovery in Electricity Markets with Variable Renewable Energy and Energy Storage
Magnus Korpås and Audun Botterud
Two-Way Trade in Green Electrons: Deep Decarbonization of the Northeastern U.S. and the Role of Canadian Hydropower
Emil Dimanchev, Joshua Hodge, and John Parsons
Using Machine Learning to Target Treatment: The Case of Household Energy Use
Christopher R. Knittel and Samuel Stolper
Strengths and Weaknesses of Traditional Arrangements for Electricity Supply
Richard Schmalensee
Crackdowns in Hierarchies: Evidence from China's Environmental Inspections
Valerie J. Karplus and Mengying Wu
Spatial and Temporal Variation in the Value of Solar Power across United States Electricity Markets
Patrick R. Brown and Francis M. O'Sullivan
Optimal Commodity Taxation with a Non-Renewable Resource
Julien Daubanes and Pierre Lasserre
The Efficiency and Distributional Effects of Alternative Residential Electricity Rate Designs
Scott P. Burger, Christopher R. Knittel, Ignacio Pérez-Arriaga, Ian Schneider, and Frederik vom Scheidt
Challenges for Wholesale Electricity Markets with Intermittent Renewable Generation at Scale: The U.S. Experience
Paul L. Joskow
The Carbon Footprint of Bitcoin
Christian Stoll, Lena Klaaßen, and Ulrich Gallersdörfer
The Climate and Economic Rationale for Investment in Life Extension of Spanish Nuclear Power Plants
Anthony Fratto Oyler and John E. Parsons
Dynamic Competition and Arbitrage in Electricity Markets: The Role of Financial Players
Ignacia Mercadal
Fair, Equitable, and Efficient Tariffs in the Presence of Distributed Energy Resources
Scott P. Burger, Ian Schneider, Audun Botterud, and Ignacio Pérez-Arriaga
Coordinating Separate Markets for Externalities
Jose Miguel Abito, Christopher R. Knittel, Konstantinos Metaxoglou, and André Trindade
Ownership and Collusive Exit: Theory and a Case of Nuclear Phase-out
Matti Liski and Iivo Vehviläinen
Resource Adequacy with Increasing Shares of Wind and Solar Power: A Comparison of European and U.S. Electricity Market Designs
Audun Botterud and Hans Auer
Restructuring Revisited: Competition and Coordination in Electricity Distribution Systems
Scott P. Burger, Jesse D. Jenkins, Carlos Batlle, and Ignacio J. Pérez-Arriaga
Sector Reforms and Institutional Corruption: Evidence from Electricity Industry in Sub-Saharan Africa
Mahmud I. Imam, Tooraj Jamasb, and Manuel Llorca
UK Electricity Market Reform and the Energy Transition: Emerging Lessons
Michael Grubb and David Newbery
The Use of Regression Statistics to Analyze Imperfect Pricing Policies
Mark R. Jacobsen, Christopher R. Knittel, James M. Sallee, and Arthur A. van Benthem
What's Killing Nuclear Power in US Electricity Markets? Drivers of Wholesale Price Declines at Nuclear Generators in the PJM Interconnection
Jesse D. Jenkins
TSO/DSO Coordination in a Context of Distributed Energy Resource Penetration
Michael Birk, José Pablo Chaves-Ávila, Tomás Gómez, and Richard Tabors
Modeling Unit Commitment in Political Context: Case of China's Partially Restructured Electricity Sector
Michael R. Davidson and J. Ignacio Pérez-Arriaga
Limits to Arbitrage in Electricity Markets: A Case Study of MISO
John Birge, Ali Hortaçsu, Ignacia Mercadal, and Michael Pavlin
Wind Capacity Investments: Inefficient Drivers and Long-Term Impacts
Ian Schneider and Mardavij Roozbehani
Lower Oil Prices and the U.S. Economy: Is This Time Different?
Christiane Baumeister and Lutz Kilian
Carbon Market Stabilisation Measures: Implications for Linking
Fitsum G. Tiche, Stefan E. Weishaar, and Oscar Couwenberg
Tight Oil Development Economics: Benchmarks, Breakeven Points, and Inelasticities
Robert L. Kleinberg, Sergey Paltsev, Charles K. Ebinger, David Hobbs, and Tim Boersma
Absolute vs. Intensity-based Caps for Carbon Emissions Target Setting: An Obstacle to Linking the EU ETS to a Chinese National ETS?
Yingying Zeng, Stefan E. Weishaar and Oscar Couwenberg
Electricity Services in a More Distributed Energy System
Ignacio J. Pérez-Arriaga, Scott Burger, and Tomás Gómez
OPEC vs US shale: Analyzing the Shift to a Market-share Strategy
Alberto Behar and Robert A. Ritz
The Impact of Uncertainty on the Need and Design of Capacity Remuneration Mechanisms in Low-Carbon Power Systems
Fernando J. de Sisternes and John E. Parsons
The Value of Aggregators in Electricity Systems
Scott Burger, Jose Pablo Chaves-Ávila, Carlos Batlle, Ignacio J. Pérez-Arriaga
The Geoeconomics of Russian-EU Gas Trade: Drawing Lessons from the South Stream Pipeline Project
Antto Vihma and Umut Turksen
Natural Gas Prices and Coal Displacement: Evidence from Electricity Markets
Christopher R. Knittel, Konstantinos Metaxoglou, and André Trindade
Limit Pricing and the (In)Effectiveness of the Carbon Tax
Saraly Andrade de Sá and Julien Daubanes
Modeling Intermittent Renewable Energy: Can We Trust Top-Down Equilibrium Approaches?
Karen Tapia-Ahumada, Claudia Octaviano, Sebastian Rausch, Ignacio Pérez-Arriaga
Melting-pots and Salad Bowls: The Current Debate on Electricity Market Design for RES Integration
Jean-Michel Glachant and Arthur Henriot
Investment Model for Renewable Electricity Systems (IMRES): an Electricity Generation Capacity Expansion Formulation with Unit Commitment Constraints
Fernando J. de Sisternes
The Simple Economics of Commodity Price Speculation
Christopher R. Knittel and Robert S. Pindyck
Regulatory Design for RES-E Support Mechanisms: Learning Curves, Market Structure, and Burden-Sharing
Carlos Batlle, Ignacio Pérez-Arriaga, and P. Zambrano-Barragán
Western Europe Natural Gas Trade
International Natural Gas Trade Project, Center for Energy Policy Research, Energy Lab, MIT
East Asia/Pacific Natural Gas Trade
International Natural Gas Trade Project, Center for Energy Policy Research, Energy Lab, MIT
Canadian-U.S. Natural Gas Trade
International Natural Gas Trade Project, Center for Energy Policy Research, Energy Lab, MIT