Author : Ross Patrick Keogh
Publisher :
ISBN 13 :
Total Pages : 105 pages
Book Rating : 4.:/5 (781 download)
Book Synopsis Market Power and Regulatory Failure in the Montana Wholesale Electricity Market by : Ross Patrick Keogh
Download or read book Market Power and Regulatory Failure in the Montana Wholesale Electricity Market written by Ross Patrick Keogh and published by . This book was released on 2012 with total page 105 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work investigates market power and regulatory failures in the Montana wholesale electrical market after the implementation of deregulation in 1997. It provides a review of the development of the Montana wholesale electrical market, federal and state market power regulation, economic theory, and approaches for regulating market power in electrical markets. The work primarily focuses on the conduct of PPL Corporation, which acquired the generation assets of the Montana Power Company, and its capacity to set prices in Montana. It identifies that the current regulatory scheme, which is managed by the Federal Energy Regulatory Commission, is inadequate at deterring and detecting the exercise of market power. Welfare impacts to Montana Consumers are estimated at $722 million. The work includes a significant review of NorthWestern Energy's re-vertical integration and information about the structure of the Montana electrical market.