Restructuring, competition and regulatory reform in the U.S. electricity sector

Article Abstract:

Significant reforms in the US electricity sector regulations are being undertaken to eradicate the long-established monopoly of electric supply distribution. Benefits that are foreseen in the ongoing changes include the reduction in consumer expenditure resulting from the establishment of a healthy competition among electricity suppliers. Also, the decentralization of electric distribution is expected to decrease the medium- and long-term inefficiencies in electric supply. Areas of concern include the governance of transmission networks and establishment of service prices.

Analysis, Public utilities, Electric power distribution, Monopolistic competition

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What can we learn from the grand policy experiment? Lessons from SO2 allowance trading

Article Abstract:

The sulfur dioxide emissions trading program, established under Title IV of the Clean Air Act of 1990, is a more cost effective policy than command-and-control environmental regulation in controlling air pollution. The sulfur dioxide allowance trading system, a market-based approach to pollution control, guarantees emissions reductions while allowing profit-seeking emitters to reduce total compliance costs. However, there is no clear evidence on the impact of the program on technological change or how pre-existing environmental policies affect the program.

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An interim evaluation of sulfur dioxide emissions trading

Article Abstract:

The acid rain program, established under Title IV of the Clean Air Act of 1990 to control air pollution by relying on sulfur dioxide emissions trading, is more effective than command-and-control environmental regulation. An empirical analysis of allowance market performance and compliance costs under the program showed that the sulfur dioxide emissions goal has been achieved on time at lower costs and without extensive litigation. However, it may take time for efficient, competitive markets for tradable emissions allowances to develop.

Prevention, Acid rain, Acid deposition

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