Topic:"Regulatory Oversight" in M12350

Witness Qualifications for LIONEL LERNER I am currently (since December 1, 1994) an Electric Generation System Program Specialist I. Previously, I developed assumptions and methods for the capacity expansion and demand conformance processe...

AI summary Lionel Lerner is an expert in electricity restructuring, market power analysis, and federal legislation affecting the electricity industry. He has experience in capacity expansion, demand conformance, and socioeconomic analyses for conservation programs. He holds a Ph.D. in Political Economy and an M.A. in Economics.

CONCLUSION During the transition to the competitive market, changes in the price elasticity of demand and supply are likely to be small. In the longer term, competition may increase the price elasticity of both demand and supply. Existing...

AI summary The conclusion discusses the impact of market restructuring on price elasticity in the electricity sector, noting that competition may increase responsiveness of both demand and supply over time. It highlights that while existing estimates suggest greater long-term elasticity, new markets and technologies may emerge, similar to past industry transformations like telecommunications.

aller supply options. This should increase the price elasticity of electricity supplies. The extent of such options will depend on the future funding of financing electricity research and development. Future supply elasticity is dependent...

AI summary The document discusses how restructuring the electricity market could influence supply elasticity. It highlights that future supply elasticity depends on market structure, transmission constraints, and unbundling of ancillary services. Additionally, it mentions that hydro resources may be used more for spinning reserve rather than energy sales, affecting supply elasticity.

Witness Qualifications for LIONEL LERNER I am currently (since December 1, 1994) an Electric Generation System Program Specialist I. Previously, I developed assumptions and methods for the capacity expansion and demand conformance processe...

AI summary Lionel Lerner is an Electric Generation System Program Specialist with expertise in electricity restructuring, market power analysis, and Federal legislation such as the National Energy Policy Act. He has experience in economic impact analyses, conservation programs, and input-output modeling.