The case for reasonable incentives to promote independent transmission companies

Journal Article · Wed Sep 01 04:00:00 EDT 1999 · Electricity Journal

DOI:https://doi.org/10.1016/S1040-6190(99)00065-2· OSTI ID:20006059

Angle, S; Carpentier, D A; Farinella, M

As part of its restructuring efforts in the electric utility industry, the Federal Energy Regulatory Commission (FERC) has encouraged voluntary corporate unbundling in an effort to promote a competitive electric market, recently proposing to define the minimal and desired characteristics of a regional transmission organization (RTO). The promotion of competition requires certain features in a transmission system, which include inter alia, (1) independent operation; (2) efficient pricing of congestion; (3) congestion management; (4) provision of ancillary services; (5) elimination of pancaked transmission rates; (6) appropriate transmission pricing; and (7) price transparency. A promising type of corporate unbundling that can provide these features is an independent transmission company (ITC).

• Research Organization: Howrey and Simon, Washington, DC (US)
• OSTI ID: 20006059
• Journal Information: Electricity Journal, Journal Name: Electricity Journal Journal Issue: 7 Vol. 12; ISSN ELEJE4; ISSN 1040-6190
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING, POLICY, AND ECONOMY
COMPETITION
DEREGULATION
ELECTRIC POWER INDUSTRY
FINANCIAL INCENTIVES
POWER DISTRIBUTION SYSTEMS
PRICES