The External Costs of Electricity Generation: An "Insider's" Perspective on the Lessons from the US Experience

Abstract

A paper recently published in this journal, 'The External Costs of Electricity Generation: Lessons from the US Experience' (Martin, 1995), gives an interesting perspective on recent developments in methods for estimating externalities in the electricity sector and on internalising these externalities through environmental regulation. This interesting paper motivated me to set the record straight, from my perspective as one who was part of the US experience.