Affiliation:
1. Department of Agricultural and Resource Economics, North Carolina State University, 2801 Founders Drive, Raleigh, NC 27695 (email: )
2. Department of Economics, University of Colorado Boulder, 256 UCB, Boulder, CO 80309 (email: )
Abstract
Since 2007, US coal-fired electricity generation has declined by a stunning 25 percent. Detailed daily unit-level data is used to examine the joint impact of natural gas prices and wind generation on coal-fired generation and emissions, with a focus on the interaction between gas prices and wind. This interaction is found to be significant. Marginal responses of coal-fired generation to natural gas prices (wind) in 2013 were larger, sometimes much larger, than the counterfactual with 2008 wind generation (gas prices). Additionally, these factors jointly account for the vast majority of the observed decline in generation and emissions. (JEL L94, L95, Q35, Q38, Q42, Q53)
Publisher
American Economic Association
Subject
General Economics, Econometrics and Finance
Cited by
105 articles.
订阅此论文施引文献
订阅此论文施引文献，注册后可以免费订阅5篇论文的施引文献，订阅后可以查看论文全部施引文献