Richard E. Schuler

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The underlying structure of why and how consumers value reliability of electric service is explored, together with the technological options and cost characteristics for the provision of reliability and the conditions under which market mechanisms can be used to match these values and costs efficiently. This analysis shows that the level of reliability of(More)
This report analyses electricity outages over the period January 1990-August 2004. A database was constructed using U.S. data from the DAWG database, which is maintained by the North American Electric Reliability Council (NERC). The data includes information about the date of the outage, geographical location, utilities affected, customers lost, duration of(More)
As a critical infrastructure sector, electricity enables numerous other critical infrastructures to function, and in many cases is the critical path for their operation. This is underscored by the fact that historically, electric power outages have played a central role in disruptions of many other infrastructures. As a consequence of the centrality of its(More)
Previous experimental and game-theoretic analyses of deregulated electricity markets suggest that communities having four or less effective suppliers, either because of transmission constraints or load characteristics, or retail customers facing suppliers or marketing agents having more than seventy percent of the region's market, are likely to experience(More)
The economic theory that has been used to support restructuring of the electric power industry has ignored several important technological constraints and public goods that affect the way in which power is delivered. Some of these public goods include voltage, frequency, and reliability of lines. Similarly, engineers, by using security-constrained(More)
Deregulated wholesale markets for bulk electricity supplies are likely to deviate from the perfectly competitive ideal in many areas where transmission losses, costs and capacity constraints isolate customers from the effective reach of many generators and limit the number of competitors. In those regions where a few suppliers or marketing agents dominate(More)
Robert Thomas has shown, using simulations of experimental results, that the power flow on any line in an electric network is linearly proportional to the total system load when that system is optimally dispatched using accurate generator cost data. By comparison, when offers from generators obtained in a wholesale market that is not perfectly competitive(More)