The value of transmission in electricity markets: Evidence from a nuclear power plant closure

Lucas W. Davis, Catherine Hausman 16 June 2014

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Just as free trade in goods offers opportunities for efficiency gains, electricity transmission infrastructure facilitates exchange in electricity markets. The first-order effects of geographic integration in electricity markets are straightforward – allocation of production across firms is improved, so lower cost generating resources can be used to meet demand.

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Topics:  Energy

Tags:  natural gas, nuclear power, electricity transmission, electricity generation

Aligning energy markets and climate-policy objectives in the EU

Carlo Carraro, Thomas Longden, Giacomo Marangoni, Massimo Tavoni 27 November 2013

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Europe’s commitment to reducing greenhouse-gas emissions has not prevented the paradoxical situation of a revival of coal imports and a reduction of gas consumption. This article reviews recent work on the appropriate measures that need to be implemented to move European energy markets closer to the energy mix consistent with climate-policy targets.

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Topics:  Energy Environment EU policies

Tags:  EU, climate policy, greenhouse gases, natural gas, carbon pricing, energy mix, coal, renewables subsidies

Are property values affected by concerns over groundwater contamination from shale?

Lucija Muehlenbachs, Beia Spiller, Christopher Timmins 29 September 2012

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A recent increase in the extraction of natural gas and oil using unconventional methods has transformed communities and landscapes. Shale gas extraction has grown rapidly in recent years thanks to developments in hydraulic fracturing and horizontal drilling. The extraction of natural gas from shale, which had hitherto been economically unrecoverable, has resulted in greatly expanded supply and in many landowners receiving high resource rents for the hydrocarbons beneath their land.

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Topics:  Energy Environment

Tags:  externalities, pollution, natural gas, property prices