What is the effect of deregulation on fuel efficiency in electricity generation?
Thesis (M.P.P.)--Georgetown University, 2010.; Includes bibliographical references.; Text (Electronic thesis) in PDF format. Nearly half of the US states deregulated their wholesale electricity market from 1997 through 2001, however, no state has deregulated since. Policymakers intended for deregulated markets to benefit from greater efficiency through increased competition in electricity generation. This paper investigates the effect of deregulation and market competitiveness on production efficiency. Empirical results show that deregulation of a state's electricity market is associated with greater production efficiency. Additionally, production efficiency increased within states with lower levels of market concentration, an indication of a more competitive market. These results have policy implications for states considering the benefits of deregulating their electricity markets.
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