Is Transmission Expansion for Decarbonization Compatible with Generation Competition?

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dc.contributor.authorBrennan, Tim
dc.date.accessioned2022-09-14T16:53:57Z
dc.date.available2022-09-14T16:53:57Z
dc.date.issued2022-08
dc.description.abstractDecarbonization of the electricity sector, and expanding it to facilitate decarbonization of transportation, heating, and other energy applications primarily using fossil fuels, is an important step in mitigating climate change. A widely advocated step in that direction is long-term planning to massively expand the transmission system to deliver electricity generated by wind and solar units that are far away from population centers. The transmission system has seen substantial investment in recent years, with few examples of failure to construct new lines, but future climate imperatives may justify moving away from the process of adding incremental capacity in response to specific requests. However, the planning process may sacrifice much of the benefits of competition that electricity policy has striven to achieve over the past three decades. These benefits are not only those from independent output and capacity responses to market prices but also dynamic benefits from technological innovation and market information acquired over time. Reconciling the benefits of competition with central planning has long been necessary in the electricity sector. I propose options for preserving some of the benefits of competition, if long-term transmission planning remains an imperative.en_US
dc.description.urihttps://www.rff.org/publications/working-papers/is-transmission-expansion-for-decarbonization-compatible-with-generation-competition/en_US
dc.format.extent27 pagesen_US
dc.genreworking papersen_US
dc.identifierdoi:10.13016/m2ibbe-kbqp
dc.identifier.citationBrennan, Tim. Is Transmission Expansion for Decarbonization Compatible with Generation Competition? Resources for the Future Working Paper. Aug. 8. 2022. https://www.rff.org/publications/working-papers/is-transmission-expansion-for-decarbonization-compatible-with-generation-competition/en_US
dc.identifier.urihttp://hdl.handle.net/11603/25665
dc.language.isoen_USen_US
dc.publisherResources for the Futureen_US
dc.relation.isAvailableAtThe University of Maryland, Baltimore County (UMBC)
dc.relation.ispartofUMBC School of Public Policy Collection
dc.relation.ispartofUMBC Economics Department
dc.relation.ispartofUMBC Faculty Collection
dc.rightsThis item is likely protected under Title 17 of the U.S. Copyright Law. Unless on a Creative Commons license, for uses protected by Copyright Law, contact the copyright holder or the author.en_US
dc.subjectdecarbonizationen_US
dc.subjectelectricity policyen_US
dc.subjecttransmitting electricity from remote renewable generators to peopleen_US
dc.subjectcentral planning verses incremental request based expansion of electricity transmissionen_US
dc.titleIs Transmission Expansion for Decarbonization Compatible with Generation Competition?en_US
dc.typeTexten_US

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