Three empirical essays on power plant operating decisions
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Switching from coal-fired to natural gas-fired generation and increasing the thermal efficiency of fossil fuel fired generation plants have been identified as ways of achieving meaningful emission reductions. In chapter 2, we examine the fuel-price responsiveness across gas plant technologies and across the market structures in which the plants operate. We find that there are significant differences in the generation and efficiency responses of gas plants to fuel prices across generation technologies and market structures. Using the parameter estimates from our econometric models, we calculate ...