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By James I. ; United States. ; Mid-America Economics Institute. Illinois Office of Consumer Services. Sturgeon

This advisor bargains essentially with the economics of electrical utilities, even though yes felony and organizational points of utilities are mentioned. all the seven chapters addresses a selected aspect of public-utility ratemaking. bankruptcy One includes a dialogue of the evolution of the public-utility notion, in addition to the criminal and monetary justification for public utilities. the second one bankruptcy units forth an Read more...

summary: This consultant offers basically with the economics of electrical utilities, even if sure felony and organizational features of utilities are mentioned. all the seven chapters addresses a specific part of public-utility ratemaking. bankruptcy One features a dialogue of the evolution of the public-utility idea, in addition to the felony and fiscal justification for public utilities. the second one bankruptcy units forth an analytical monetary version which supplies the root for the following 4 chapters. those chapters include a close exam of overall working expenses, the speed base, the speed of go back, and the speed constitution. the ultimate bankruptcy discusses a couple of present concerns concerning electrical utilities, frequently components concerning fuel-adjustment expenses, advertisements, taxes, building paintings in development, and lifeline charges. many of the examples utilized in the advisor are from specific states, comparable to Illinois and California. those examples are used to demonstrate particular issues. shoppers in different states can generalize them to their states and never swap the that means or importance of the issues

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Extra info for A consumer's guide to the economics of electric utility ratemaking

Sample text

Plant size 1, then to In this case the firm has moved from plant size 2. In both cases cost I decreased. But when demand continued to increase a larger plant, plant size 3, had to be built and cost per unit increased. "- If this argument is correct, it means that greater efficiency would occur if the industry had more firms operating with plant size 2. That is, this argument leads to a breakdown in the idea that a natural monopoly exists in electricity generation. FIGURE 3-A Long Run Cost Per KWH u Output or Quantity Demanded The second possibility decreasing cost industry, absolute cost.

2 It cannot be stated too often that public utility regulation is a political process. Justifiably or not, it is often widely believed that powerful vested interest groups (for the most part large industrial concerns and the public utilities themselves) have ( ( '\ \ an inordinate process. " Notwithstanding the political nature of the regulatory situation, most decisions made by commissioners concerning how much total revenue a utility should be allowed to collect for its services are justified through economic jargon - economic jargon that except and a small understand.

Violation of statutes impri sonment. and ordi nances may bri ng fi nes and Statutes and ordi nances may be written in general terms and their enforcement left to a public agency, or they may be written in great deta il . Us ua lly the statute method has proven successful in laying down general principles, but detailed statutes have proven incapable of adapting to changing conditions. Other methods of control are franchi ses, certifi cates, and licenses. All of these are used as a means of controlling entry into an industry or service.

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A consumer's guide to the economics of electric utility ratemaking by James I. ; United States. ; Mid-America Economics Institute. Illinois Office of Consumer Services. Sturgeon


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