A data envelopment analysis of gas utilities' efficiency

A data envelopment analysis of gas utilities' efficiency

This study examines the Natural Gas Policy Act of 1978 and Federal Energy Regulatory Commission (FERC) policies that culminated in Order 636 in 1992. The regulatory environment in which natural gas distribution utilities operate was altered. FERC policies forced local gas distribution utilities into...

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Veröffentlicht in:Journal of economics and finance 2002-07, Vol.26 (2), p.123-137
Hauptverfasser: Hollas, Daniel R., Macleod, Kenneth R., Stansell, Stanley R.
Format: Artikel
Sprache:eng
Schlagworte:
Competition
Cost reduction
Customer services
Data envelopment analysis
Deregulation
Economies of scale
Efficiency
Electric industries
Electric utilities
Energy industry
Energy policy
Federal regulation
Local distribution companies
Mathematical programming
Natural gas distribution
Natural gas industry
Natural gas prices
Natural gas utilities
Open access
Pipelines
Productivity
Public utilities
Statistical analysis
Studies
Supplies
Transportation services
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Beschreibung
Zusammenfassung:This study examines the Natural Gas Policy Act of 1978 and Federal Energy Regulatory Commission (FERC) policies that culminated in Order 636 in 1992. The regulatory environment in which natural gas distribution utilities operate was altered. FERC policies forced local gas distribution utilities into an increasingly competitive environment. Restructuring of the industry may affect economic efficiency. Data Envelopment Analysis is used to examine the economic efficiency of gas distributors during 1975-94. Federal policy appears to lead to a reduction in scale due to restructuring and more competition. Reduced scale economies have not altered the economic efficiency of the utilities.
ISSN:1055-0925
1938-9744
DOI:10.1007/BF02755980