Rethinking Reform of Electricity Markets
➤ Gửi thông báo lỗi ⚠️ Báo cáo tài liệu vi phạmNội dung chi tiết: Rethinking Reform of Electricity Markets
Rethinking Reform of Electricity Markets
University of Cincinnati College of LawUniversity of Cincinnati College of Law Scholarship and PublicationsFaculty Articles and Other PublicationsFacu Rethinking Reform of Electricity Marketsulty Scholarship38353Rethinking Reform of Electricity MarketsJoseph p. TomainL’nnvwrfy ũf Cincinnati College Law. (Oseph.tonuiníỊíuc.eduFollow this and additional works at: http://scholarship.law.uc.edu/fac_pubsÒ* Part of the Administrative Law Commons, and the Energy Law CommonsRecommended Citation Rethinking Reform of Electricity Marketsremain, Joseph P-, "Rethinking Reform of Electricity Markets* (200S). Faculty Articki and Other PubliMtiOHi. Paper 104. http://scholarshiplaw.uc «du/fRethinking Reform of Electricity Markets
ac_pubs/104'Ihn. Article is. brought to you tor five and open acccM. by the Faculty Scholarship at LVuvenlty of Cincinnati Cxillcge of Law SchcỉartlupUniversity of Cincinnati College of LawUniversity of Cincinnati College of Law Scholarship and PublicationsFaculty Articles and Other PublicationsFacu Rethinking Reform of Electricity MarketsCollege of Law Scholarship and Publications. Foe more infuematioo, pkasc contact ken. birditSsK.edu.RETHINKING REFORM OF ELECTRICITY MARKETSSidney A. Shapiro* Joseph p. Tomain**I. IntroductionThe reform of regulation of electricity markets has the potential to cause substantial changes in the way in Rethinking Reform of Electricity Markets which consumers receive and use electricity. Reform-minded actors, particularly the Federal Energy Regulatory Commission (“FERC”), have used their reRethinking Reform of Electricity Markets
gulatory powers to restructure electricity markets to rely on competition in generation markets to promote lower prices and innovation. Other jurisdicUniversity of Cincinnati College of LawUniversity of Cincinnati College of Law Scholarship and PublicationsFaculty Articles and Other PublicationsFacu Rethinking Reform of Electricity Marketsh electricity deregulation* 1 and the calamitous electricity blackout in the northeastern United States2 have added to the political, if not policy, challenges of achieving reform. The editors of the Wake Forest Law Review have dedicated this issue to understanding how these recent experiences have Rethinking Reform of Electricity Marketsaffected efforts to reform the regulation of electricity markets.Reform efforts reflect a growing rejection of the “Traditional Model” of electric utiRethinking Reform of Electricity Markets
lity regulation, and we agree that this model has reached the end of its useful life. Such being the case, then, what should replace it? Going where aUniversity of Cincinnati College of LawUniversity of Cincinnati College of Law Scholarship and PublicationsFaculty Articles and Other PublicationsFacu Rethinking Reform of Electricity Marketsy limitation of current efforts to restructure electricity markets. While current efforts seek to establish a competitive generation market, these efforts do little or nothing to address the significant environmental problems that are associated with the generation of electricity and* University Dis Rethinking Reform of Electricity Marketstinguished Chair in Law, Wake Forest University School of Law; Scholar. Center for Progressive Regulation.♦♦ Dean Emeritus and Wilbert and Helen ZieglRethinking Reform of Electricity Markets
er Professor of Law, University of Cincinnati College of Law. Scholar, Center for Progressive Regulation. The authors appreciate the research assistanUniversity of Cincinnati College of LawUniversity of Cincinnati College of Law Scholarship and PublicationsFaculty Articles and Other PublicationsFacu Rethinking Reform of Electricity Markets 297, 299-306 (2002).2.See Antonio Regalado & Gary Fields, Blackout a Reminder of Grid’s Vulnerability to Terror, Wall St. J., Aug. 15, 2003, at A4.497HeinOnline40 Wake Forest L. Rev. 497 2005498WAKE FOREST LAW REVIEW[Vol. 40that will remain in restructured electricity markets.In our view, the Smart Rethinking Reform of Electricity Markets Model has two components that fill this gap.3 4 On the generation side, there would be increasing reliance on renewable energy sources and on makingRethinking Reform of Electricity Markets
the electrical grid more efficient and more reliable. On the consumption side, the price of electricity to each consumer would be based on the marginaUniversity of Cincinnati College of LawUniversity of Cincinnati College of Law Scholarship and PublicationsFaculty Articles and Other PublicationsFacu Rethinking Reform of Electricity Marketsof electricity and the production of energy used to generate electricity. While progress has been made reducing these impacts, they are still significant and require additional attention.Part III describes the birth, life, and death of the “Traditional Model.” For the last three or more decades, fed Rethinking Reform of Electricity Marketseral and state regulators have been engaged in widespread deregulation of significant parts of the Traditional Model.* While we recognize the significRethinking Reform of Electricity Markets
ant advantages of this effort, it does not address reducing the pollution and other environmental problems caused by relying on fossil fuels, particulUniversity of Cincinnati College of LawUniversity of Cincinnati College of Law Scholarship and PublicationsFaculty Articles and Other PublicationsFacu Rethinking Reform of Electricity Marketstricity markets along the lines suggested by the “Smart Model,” but this agenda has not received the attention it deserves from regulators, politicians, and the public.Part rv describes a Smart Model of electricity generation composed of four elements. A Smart Model would rely on both distributed ge Rethinking Reform of Electricity Marketsneration, which is composed of small-scale sources of electricity generation that are environmentally friendly, and solar-and wind-generated electriciRethinking Reform of Electricity Markets
ty because they are renewable sources of energy. A Smart Model would also utilize energy portfolios or regulatory standards that require electricity gUniversity of Cincinnati College of LawUniversity of Cincinnati College of Law Scholarship and PublicationsFaculty Articles and Other PublicationsFacu Rethinking Reform of Electricity Marketsr a3.See Elizabeth Thomas et al., Unlocking Regulatory Barriers to Sustainable Energy Systems, 19 Nat. Resources & Env’t, Fall 2004, at 51, 51 (recognizing the two components of the Smart Model).4.Paul L. Joskow, Deregulation and Regulatory Reform in the U.S. Electric Power Sector, in Deregulation o Rethinking Reform of Electricity Marketsf Network Industries: What’s Next 113 (Sam Peltzman & Clifford Winston eds., 2000); Richard D. Cudahy, Electricity Deregulation After California: DownRethinking Reform of Electricity Markets
But Not Out, 54 Admin. L. Rev. 333, 336-37 (2002); Alfred E. Kahn, The Deregulatory Tar Baby: The Precarious Balance Between Regulation and DeregulatUniversity of Cincinnati College of LawUniversity of Cincinnati College of Law Scholarship and PublicationsFaculty Articles and Other PublicationsFacu Rethinking Reform of Electricity Marketsted Industries Law, 98 Colum. L. Rev. 1323, 1324 (1998); John s. Moot, Economic Theories of Regulation and Electricity Restructuring, 25 Energy L. J. 273, 274-78 (2004).HeinOnline40 Wake Forest L. Rev. 49â 2C05 Rethinking Reform of Electricity MarketsUniversity of Cincinnati College of LawUniversity of Cincinnati College of Law Scholarship and PublicationsFaculty Articles and Other PublicationsFacuGọi ngay
Chat zalo
Facebook