Should market power still be a concern in the U.S. electric power industry?

被引:1
|
作者
Morris J.R. [1 ]
Dutra J.R.S. [1 ]
Cobb T.S. [1 ]
机构
[1] Economists Incorporated, 2121 K Street, NW, Suite 1100, Washington, DC
来源
Electricity Journal | 2020年 / 33卷 / 04期
关键词
Electric utility mergers; Electricity markets; Entry; Market power;
D O I
10.1016/j.tej.2020.106725
中图分类号
学科分类号
摘要
This paper examines entry into new generation supply in the United States. It finds that entry into new generation is typically small scale and accomplished by companies with below average market shares. The construction of new generation facilities is also strongly associated with generation retirements. This evidence suggests that in most of the United States there is little ability for long-term market power in electric generation. © 2020 Elsevier Inc.
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