Interfuel substitution in US electricity generation

Authors
Citation
J. Ko et C. Dahl, Interfuel substitution in US electricity generation, APPL ECON, 33(14), 2001, pp. 1833-1843
Citations number
19
Language
INGLESE
art.tipo
Article
Categorie Soggetti
Economics
Journal title
APPLIED ECONOMICS
ISSN journal
0003-6846 → ACNP
Volume
33
Issue
14
Year of publication
2001
Pages
1833 - 1843
Database
ISI
SICI code
0003-6846(200111)33:14<1833:ISIUEG>2.0.ZU;2-E
Abstract
Ongoing changes in the US electricity market include restructuring and incr eased competition. With this unfettering of the market, the fuel choice in generation is expected to become more flexible and responsive. To investiga te this hypothesis, studies of US electricity fuel choices over the last th ree decades are summarized and the most recent analysis is provided on a ma rket very different from the one on which earlier studies were done. Modern data handling techniques allow the consideration of the most comprehensive database including 185 utilities on monthly data for 1993. This paper find s fuel choice to show a considerable amount of price responsiveness, the am ount of responsiveness is sensitive to the fuel substitution possibilities within the utility, and the amount of responsiveness seems to have increase d recently for oil and natural gas.