Who Have Incentives to Expand the Power Transmission System?
Revista : Proceedings of the Institute for Operations Research and the Management Science (INFORMS) Annual MeeTipo de publicación : Conferencia No A*
Abstract
In this paper, we study the economic-incentive structures for long-term transmission investment that curently exist in the United States. In particular, we analyze the incentives/disincentives that some specific market participants (holder of transmission rights, merchant investors, and generation firms) have to make socially efficient transmission expansions. We also propose some variations to the actual incentive structures that could improve efficiency from a social-welfare perspective.