Electric power in the United States: models and policy analysis

Book · Mon Jan 01 04:00:00 EST 1979

OSTI ID:6070653

Baughman, M L; Joskow, P L; Kamat, D P

The electric power industry is a major consumer of fossil fuels and a major supplier of energy for residential, commercial, and industrial use. An understanding of the behavior and performance of this complex industry is critical if energy analysts, policymakers, and industry managers are to evaluate the ultimate effects of almost all energy policy initiatives in the not-so-distant future. This book describes a unique engineering-economic model, the Regionalized Electricity Model (REM), developed at MIT and at the University of Texas, and examines the effects that a wide range of energy policies simulated in the model would have on the demand and supply of electricity and on the utilization of fuels by the electric power industry to the year 2000. Electric Power in the United States examines such aspects of the industry's behavior and performance as how consumers choose among energy alternatives - including electricity - how the electric utility industry chooses among the different fuels that can be used to generate electricity, and how the industry determines future building of new capacity, how public utility price regulation determines electricity prices and the industry's ability to raise sufficient capital for building generating, transmission, and distribution facilities that will match supply and demand efficiently. The book discusses a range of possible futures arising from the impact of different economic events and public policies on the industry.

• OSTI ID: 6070653
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING, POLICY, AND ECONOMY
290600 -- Energy Planning & Policy-- Nuclear Energy
296000* -- Energy Planning & Policy-- Electric Power
ECONOMIC ANALYSIS
ECONOMICS
ELECTRIC POWER
ENERGY MODELS
ENERGY POLICY
EVALUATION
FINANCING
FORECASTING
GOVERNMENT POLICIES
NORTH AMERICA
NUCLEAR POWER
POWER
PUBLIC POLICY
REGIONAL ANALYSIS
SIMULATION
SUPPLY AND DEMAND
USA