Substitution in the electric power industry: An interregional comparison in the eastern US

Jing Gao*, Robert Nelson, Lei Zhang

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

11 Citations (Scopus)

Abstract

The electric power industry is restructuring as regulations move from states to regional and national levels. Estimates of regional fuel and input substitution are essential for practitioners and policy makers. This paper estimates substitution under static and dynamic scenarios, examining changes in technology and total factor productivity from 2001 to 2008. Two-stage estimation reveals regional characteristics and underlying elements in fuel and factor choice processes. Substitution varies widely depending on the region, coal technology, capital investment, and R&D activities.

Original languageEnglish
Pages (from-to)316-325
Number of pages10
JournalEnergy Economics
Volume40
DOIs
Publication statusPublished - Nov 2013
Externally publishedYes

Keywords

  • Electricity generation
  • Interfactor substitution
  • Interfuel substitution
  • Technological change
  • Total factor productivity

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