자료유형  

 학위논문

Control Number  

0016933372

International Standard Book Number  

9798379707002

Dewey Decimal Classification Number  

621

Main Entry-Personal Name  

Doshi, Gaurav.

Publication, Distribution, etc. (Imprint  

[S.l.] : The University of Wisconsin - Madison., 2023

Publication, Distribution, etc. (Imprint  

Ann Arbor : ProQuest Dissertations & Theses, 2023

Physical Description  

1 online resource(218 p.)

General Note  

Source: Dissertations Abstracts International, Volume: 84-12, Section: B.

General Note  

Advisor: Johnston, Sarah.

Dissertation Note  

Thesis (Ph.D.)--The University of Wisconsin - Madison, 2023.

Restrictions on Access Note  

This item must not be sold to any third party vendors.

Summary, Etc.  

요약This dissertation studies the impact of energy policy on U.S. electricity markets and energy transition. The first chapter examines the impact of grid expansion on market power and emissions from fossil fuel firms in the short-run and the transition to wind energy in the long-run. For the empirical analysis, I use the rollout of a large-scale transmission expansion project in Texas that linked windy areas in the west to population centers in the east, costing $6.8 billion. Results show significant benefits due to declines in markups, emissions, and increases in wind investment. The payback periods range from 5 - 12 years and are much shorter than the previous estimates in the literature. In the second chapter, I study the effect of market structure on technology adoption in the U.S. solar and wind power industries. I compare adoption across two market types: restructured markets, which are designed to promote competition, and traditional markets, which are dominated by regulated monopolists. Solar projects in restructured markets are 24 percent less likely to adopt frontier technology, while the effect for wind projects is negative but statistically insignificant. I provide evidence that differences in financing costs across the two market types explain this negative relationship between competition and adoption. In the third chapter, I study the effect of transmission expansion on the cost of hedging risk in the wholesale electricity market. Market participants (generating firms, retailers, and financial traders) use forward contracts to hedge risk from price volatility in the market. I show that transmission integration in Texas significantly lowered the prices of these contracts, which translates to about $265 million worth of annual benefits in terms of lower cost of hedging risk. Further, I show evidence of greater market efficiency measured by the geographical convergence of prices across regions in Texas.

Subject Added Entry-Topical Term  

Energy.

Index Term-Uncontrolled  

Electricity markets

Index Term-Uncontrolled  

Energy economics

Index Term-Uncontrolled  

Energy transition

Index Term-Uncontrolled  

Industrial organization

Index Term-Uncontrolled  

Market power

Index Term-Uncontrolled  

Market structure

Added Entry-Corporate Name  

The University of Wisconsin - Madison Agricultural and Applied Econ

Host Item Entry  

Dissertations Abstracts International. 84-12B.

Host Item Entry  

Dissertation Abstract International

Electronic Location and Access  

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Control Number  

joongbu:639913