MERCHANT TRANSMISSION INVESTMENT*

A Transmission Expansion Planning Model for Maximizing Merchant Investment

Regulatory Issues in Merchant Transmission Investment

Driven by fear of underinvestment in network assets, merchant investment in electricity transmission networks (MTI) is now legally allowed. Given that MTI is a real possibility, regulators face a new set of questions. After classifying different types of MTI, the paper raises and analyses regulatory questions, concentrating on the effect on competition, ownership questions, third-party-access r...

Should Merchant Transmission Investment be Subject to a Mustoffer Provision?

Merchant electricity transmission investment is a practically relevant example of an unregulated investment with monopoly properties. However, while leaving the investment decision to the market, the regulator may decide to prohibit capacity withholding with a must-offer provision. This paper examines the welfare effects of a must-offer provision prior to the capacity choice, given three reason...

a transmission expansion planning model for maximizing merchant investment

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Transmission regulation , merchant investment , and the experience of SNI and Murraylink in the Australian National Electricity Market

Australia has unique experience with merchant and regulated interconnectors that is relevant to the international debate on transmission investment and its regulation. Contrary to a widespread view, and regardless of differences of opinion about market power and stranding risks, the proposed regulated interconnector would be uneconomic despite having eventually been approved. Australian experie...