July 26, 2018

Coordinating Separate Markets for Externalities

In a new CEEPR Working Paper, the authors show that inefficiencies from having separate markets to correct an environmental externality are significantly mitigated when firms participate in an integrated product market, using data from an integrated wholesale electricity market.

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July 17, 2018

Who Closes First? Ownership and Collusive Early Exits

Climate and energy policies lead to a declining market for the incumbent technologies in electricity markets. Facing the challenge of closures, incumbent firms have incentives to coordinate closures through cross-ownership to achieve a collusive phase-out. For the Nordic nuclear industry, a quantification shows a highly distorted phase-out, both for the consumer surplus and the environment.

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June 4, 2018

Measuring Savings from Fault Detection and Diagnostics

Data analytics will play a major role in advancing global energy efficiency and high performance building goals nationally and globally. As the fault detection and diagnostics industry emerges and unlocks numerous energy efficiency savings opportunities in buildings, it is crucial that we also advance our methodologies for evaluating these systems and quantifying the energy impact.

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May 9, 2018

We don’t know what climate change will cost — that doesn’t mean we can ignore it

Professor Robert S. Pindyck of MIT and Professor James H. Stock of Harvard University discuss the importance of the social cost of carbon in a new piece on TheHill.

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May 1, 2018

Electricity Market Design with Renewables

A new paper compares EU and US electricity market designs, arguing for a focus on correct price formation in the short-term to incentivize investments and reliability. Increased demand-side participation, improved pricing during scarcity, and a transition from technology-specific renewables subsidies towards adequate pricing of carbon emissions, are key to achieving a market-compatible integration of renewable energy.

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March 20, 2018

Restructuring Revisited: Competition and Coordination in Electricity Distribution Systems

In light of the decentralization of the power sector, a new CEEPR Working Paper carefully considers how industry structure regulations impacts competition, market development, and the efficiency of investments in and operations of network infrastructure and connected resources.

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