Excerpt from Evidence of Dr. John Stutz in the Generic Rate Design Hearing 2003
AI summary Excerpt from Dr. John Stutz's evidence in the 2003 Generic Rate Design Hearing, discussing rate design and regulatory proceedings involving Nova Scotia utility boards and energy mechanisms.
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 like the National Energy Policy Act. He has conducted economic impact analyses and socioeconomic studies for conservation programs and previously worked on municipal utility conformance and input-output modeling.
Competing Suppliers The act of establishing competing suppliers (more substitutes) will increase the price elasticity of demand faced by individual generation companies (so long as transmission is inexpensive and open access prevails), tho...
AI summary Establishing competing suppliers increases price elasticity of demand for individual generation companies, though the effect on overall market demand is unclear. Long-term market forces may lead to more substitutes, such as self-generation and distributed generation for other end-users.
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 in deregulated electricity markets, and Federal legislation such as the National Energy Policy Act. He has experience in economic impact analyses, conservation program evaluations, and input-output modeling.
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 transition to a competitive electricity market is expected to increase price elasticity of demand and supply over time, similar to other deregulated industries. New markets and goods may emerge, but generation supply from new resources will remain inelastic due to long lead times and investment risks.
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