Alleged Transmission Undersupply: Is Restructuring the Cure or the Cause?

dc.creator	Brennan, Timothy J.
dc.date	2017-04-01T18:35:41Z
dc.date.accessioned	2026-07-09T02:59:36Z
dc.description	Widespread concern over transmission capacity requires theoretical support to infer inadequacy from observed trends indicating reductions in the ratio of transmission to generation capacity over time. If integrated utilities had been regulated with allowed returns exceeding capital costs, transmission generation ratios would have been excessive, and observed trends might be a correction. However, numerous commentators claim that post-restructuring transmission rates have been too low, with NIMBY also discouraging investment. We model the possibility that inadequate separation between generation and transmission may result in reduced investment, in order to preserve incumbent market power in generation. However, consideration of transmission price caps and coordinated generation investment support other analyses that conclude that vertical separation itself may be a culprit.
dc.identifier	doi:10.22004/ag.econ.10723
dc.identifier	https://ageconsearch.umn.edu/record/10723/files/dp050050.pdf
dc.identifier	http://ageconsearch.umn.edu/record/10723
dc.identifier.uri	http://hdl.handle.net/123456789/524395
dc.language	eng
dc.publisher
dc.source	http://ageconsearch.umn.edu/record/10723
dc.title	Alleged Transmission Undersupply: Is Restructuring the Cure or the Cause?
dc.type	Text

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