Grid Expansion

Electricity grid expansion is a key policy tool to accelerate the transition to green energy and lower carbon emissions. I study the impact of grid expansion on market power and emissions from the fossil fuel industry in the short-run and investment in wind energy in the long-run.

We study whether electricity transmission expansion lowers the cost of hedging risk in wholesale electricity markets. This paper is published in The Energy Journal.

Drop in average CRR prices post transmission expansion in 2014