Connecting to the North American Grid: Time for Newfoundland to Discontinue Inefficient Price Regulation
The island of Newfoundland has an isolated electrical grid. In recent years, its regulated price of electricity has deviated substantially from marginal cost. This has led to economic inefficiency, causing significant welfare costs, higher electricity consumption, and excess reliance on thermal gene...
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University of Toronto Press Inc. (UTPress)
2016
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Online Access: | http://dx.doi.org/10.3138/cpp.2016-002 https://utpjournals.press/doi/pdf/10.3138/cpp.2016-002 |
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crunivtoronpr:10.3138/cpp.2016-002 2023-12-31T10:17:50+01:00 Connecting to the North American Grid: Time for Newfoundland to Discontinue Inefficient Price Regulation Feehan, James P. 2016 http://dx.doi.org/10.3138/cpp.2016-002 https://utpjournals.press/doi/pdf/10.3138/cpp.2016-002 en eng University of Toronto Press Inc. (UTPress) Canadian Public Policy volume 42, issue 4, page 482-495 ISSN 0317-0861 1911-9917 Public Administration Sociology and Political Science journal-article 2016 crunivtoronpr https://doi.org/10.3138/cpp.2016-002 2023-12-01T08:18:21Z The island of Newfoundland has an isolated electrical grid. In recent years, its regulated price of electricity has deviated substantially from marginal cost. This has led to economic inefficiency, causing significant welfare costs, higher electricity consumption, and excess reliance on thermal generation. In the next few years, substantial but costly hydroelectric capacity will be constructed, largely displacing reliance on thermal generation. In tandem with that new generation, subsea transmission facilities ending Newfoundland's isolation from the North American grid will be put in place. However, without a change in the governing legislation and the regulatory framework, economic efficiency will remain unattainable. Policy reforms that support efficient pricing and adapt the regulatory regime to the new circumstances are called for. Article in Journal/Newspaper Newfoundland University of Toronto Press (U Toronto Press - via Crossref) Canadian Public Policy 42 4 482 495 |
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Open Polar |
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University of Toronto Press (U Toronto Press - via Crossref) |
op_collection_id |
crunivtoronpr |
language |
English |
topic |
Public Administration Sociology and Political Science |
spellingShingle |
Public Administration Sociology and Political Science Feehan, James P. Connecting to the North American Grid: Time for Newfoundland to Discontinue Inefficient Price Regulation |
topic_facet |
Public Administration Sociology and Political Science |
description |
The island of Newfoundland has an isolated electrical grid. In recent years, its regulated price of electricity has deviated substantially from marginal cost. This has led to economic inefficiency, causing significant welfare costs, higher electricity consumption, and excess reliance on thermal generation. In the next few years, substantial but costly hydroelectric capacity will be constructed, largely displacing reliance on thermal generation. In tandem with that new generation, subsea transmission facilities ending Newfoundland's isolation from the North American grid will be put in place. However, without a change in the governing legislation and the regulatory framework, economic efficiency will remain unattainable. Policy reforms that support efficient pricing and adapt the regulatory regime to the new circumstances are called for. |
format |
Article in Journal/Newspaper |
author |
Feehan, James P. |
author_facet |
Feehan, James P. |
author_sort |
Feehan, James P. |
title |
Connecting to the North American Grid: Time for Newfoundland to Discontinue Inefficient Price Regulation |
title_short |
Connecting to the North American Grid: Time for Newfoundland to Discontinue Inefficient Price Regulation |
title_full |
Connecting to the North American Grid: Time for Newfoundland to Discontinue Inefficient Price Regulation |
title_fullStr |
Connecting to the North American Grid: Time for Newfoundland to Discontinue Inefficient Price Regulation |
title_full_unstemmed |
Connecting to the North American Grid: Time for Newfoundland to Discontinue Inefficient Price Regulation |
title_sort |
connecting to the north american grid: time for newfoundland to discontinue inefficient price regulation |
publisher |
University of Toronto Press Inc. (UTPress) |
publishDate |
2016 |
url |
http://dx.doi.org/10.3138/cpp.2016-002 https://utpjournals.press/doi/pdf/10.3138/cpp.2016-002 |
genre |
Newfoundland |
genre_facet |
Newfoundland |
op_source |
Canadian Public Policy volume 42, issue 4, page 482-495 ISSN 0317-0861 1911-9917 |
op_doi |
https://doi.org/10.3138/cpp.2016-002 |
container_title |
Canadian Public Policy |
container_volume |
42 |
container_issue |
4 |
container_start_page |
482 |
op_container_end_page |
495 |
_version_ |
1786817480082063360 |