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Capacity Factor Risk At Nuclear Power Plants
(MIT Center for Energy and Environmental Policy Research, 2010-11)
We develop a model of the dynamic structure of capacity factor risk. It incorporates the risk that the capacity factor may vary widely from year-to-year, and also the risk that the reactor may be permanently shutdown prior ...
The Weak Tie Between Natural Gas and Oil Prices
(MIT Center for Energy and Environmental Policy Research, 2010-11)
Several recent studies establish that crude oil and natural gas prices are cointegrated, so that changes in the price of oil appear to translate into changes in the price of natural gas. Yet at times in the past, and very ...
Electricity Network Tariff Architectures: A Comparison of Four OECD Countries
(MIT Center for Energy and Environmental Policy Research, 2010-07-01)
The study is motivated by the question “what is the optimal tariff design?” While we do not offer an answer to this question, we use the different designs in four select countries to illuminate the issues involved in ...
Stocks & Shocks: A Clarification in the Debate Over Price vs. Quantity Controls for Greenhouse Gases
(MIT Center for Energy and Environmental Policy Research, 2011-03)
We construct two simple examples that help to clarify the role of a key assumption
in the analysis of price or quantity controls of greenhouse gases in the presence
of uncertain costs. Traditionally much has been made ...
The Future of Nuclear Power After Fukushima
(MIT CEEPR, 2012-02)
This paper analyzes the impact of the Fukushima accident on the future of nuclear
power around the world. We begin with a discussion of the ‘but for’ baseline and the
much discussed ‘nuclear renaissance.’ Our pre-Fukushima ...