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Electricity and Natural Gas Rate Issues

Electricity and Natural Gas Rate Issues Public Service Commission of Wisconsin, Madison, Wisconsin 53702 Mo Reinbergs, Chief Economist Public Service Commission of Wisconsin, Madison, Wisconsin 53702 IS MARGINAL COST PRICING STILL AN ISSUE? A number of events occurred in North America in 1978 that have ended the "great rate debate," despite the prognostications of those who oppose the marginal cost pricing of energy. The first of these events, held in May, was the Montreal State of the Art Conference on the marginal cost pricing of electricity. Assembled were leading economists from three continents who, within the parameters set by the conference, were able for the first time to discuss some of the finer points of determining marginal costs and how one goes about putting them into tariffs. Little time was devoted to whether or not energy should be priced on the basis of marginal cost. 1 Also in 1978, the Carter administration's energy legislation was enacted. It contains a utility-regulatory-standards package. Although this bill has been several years in the making, has been considerably altered from the original mandating of marginal cost pricing for all electric utilities, and has given way in part to states' rights in regulatory matters, it will nevertheless require utility http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Annual Review of Environment and Resources Annual Reviews

Electricity and Natural Gas Rate Issues

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Publisher
Annual Reviews
Copyright
Copyright 1979 Annual Reviews. All rights reserved
Subject
Review Articles
ISSN
1543-5938
DOI
10.1146/annurev.eg.04.110179.001311
Publisher site
See Article on Publisher Site

Abstract

Public Service Commission of Wisconsin, Madison, Wisconsin 53702 Mo Reinbergs, Chief Economist Public Service Commission of Wisconsin, Madison, Wisconsin 53702 IS MARGINAL COST PRICING STILL AN ISSUE? A number of events occurred in North America in 1978 that have ended the "great rate debate," despite the prognostications of those who oppose the marginal cost pricing of energy. The first of these events, held in May, was the Montreal State of the Art Conference on the marginal cost pricing of electricity. Assembled were leading economists from three continents who, within the parameters set by the conference, were able for the first time to discuss some of the finer points of determining marginal costs and how one goes about putting them into tariffs. Little time was devoted to whether or not energy should be priced on the basis of marginal cost. 1 Also in 1978, the Carter administration's energy legislation was enacted. It contains a utility-regulatory-standards package. Although this bill has been several years in the making, has been considerably altered from the original mandating of marginal cost pricing for all electric utilities, and has given way in part to states' rights in regulatory matters, it will nevertheless require utility

Journal

Annual Review of Environment and Resources – Annual Reviews

Published: Nov 1, 1979

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