In “Wiring America,” EPIcenter affiliate Gaurav Doshi analyzes how Texas’s CREZ high-capacity transmission build-out curbed the market power of fossil-fuel generators. Using a two-stage empirical strategy, the study first shows that CREZ reduced wind curtailment, adding roughly 0.11 GWh of additional wind during peak hours and 0.22 GWh at the off-peak – and then demonstrates […]
Effects of grid expansion on market power in the fossil fuel industry
