Electricity Deregulation

Electricity Deregulation

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  • Author: James M. Griffin
  • Publisher: University of Chicago Press
  • ISBN: 0226308588
  • Category : Business & Economics
  • Languages : en
  • Pages : 453

The electricity market has experienced enormous setbacks in delivering on the promise of deregulation. In theory, deregulating the electricity market would increase the efficiency of the industry by producing electricity at lower costs and passing those cost savings on to customers. As Electricity Deregulation shows, successful deregulation is possible, although it is by no means a hands-off process—in fact, it requires a substantial amount of design and regulatory oversight. This collection brings together leading experts from academia, government, and big business to discuss the lessons learned from experiences such as California's market meltdown as well as the ill-conceived policy choices that contributed to those failures. More importantly, the essays that comprise Electricity Deregulation offer a number of innovative prescriptions for the successful design of deregulated electricity markets. Written with economists and professionals associated with each of the network industries in mind, this comprehensive volume provides a timely and astute deliberation on the many risks and rewards of electricity deregulation.


Markets for Power

Markets for Power

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  • Author: Paul L. Joskow
  • Publisher: MIT Press (MA)
  • ISBN: 9780262600187
  • Category : Business & Economics
  • Languages : en
  • Pages : 269

This timely study evaluates four generic proposals for allowing free market forces toreplace government regulation in the electric power industry and concludes that none of thederegulation alternatives considered represents a panacea for the performance failures associatedwith things as they are now. It proposes a balanced program of regulatory reform and deregulationthat promises to improve industry performance in the short run, resolve uncertainties about thecosts and benefits of deregulation, and positions the industry for more extensive deregulation inthe long run should interim experimentation with deregulation, structural, and regulatory reformsmake it desirable.The book integrates modern microeconomic theory with a comprehensive analysis ofthe economic, technical, and institutional characteristics of modern electrical power systems. Itemphasizes that casual analogies to successful deregulation efforts in other sectors of the economyare an inadequate and potentially misleading basis for public policy in the electric power industry,which has economic and technical characteristics that are quite different from those in otherderegulated industries.Paul L. Joskow is Professor of Economics at MIT, author of ControllingHospital Costs (MIT Press 1981) and coauthor with Martin L. Baughman and Dilip P. Kamat of ElectricPower in the United States (MIT Press 1979). Richard Schmalensee, also at MIT, is Professor ofApplied Economics, author of The Economics of Advertising and The Control of Natural Monopolies, andeditor of The MIT Press Series, Regulation of Economic Activity.


Power Loss

Power Loss

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  • Author: Richard F. Hirsh
  • Publisher: Mit Press
  • ISBN: 9780262582193
  • Category : Political Science
  • Languages : en
  • Pages : 424

A perceptive account of the deregulation of the electric power industry.


Electricity Economics

Electricity Economics

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  • Author: Geoffrey S. Rothwell
  • Publisher: Wiley-IEEE Press
  • ISBN:
  • Category : Business & Economics
  • Languages : en
  • Pages : 312

Written originally as a manual for the Federal Energy Commission to train regional rate regulators, this is a clear, comprehensive primer on the principles of economics and finance underlying the regulation of electricity markets and the deregulation of electricity generation.


Electricity Market Reform

Electricity Market Reform

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  • Author: Fereidoon Sioshansi
  • Publisher: Elsevier
  • ISBN: 0080462715
  • Category : Technology & Engineering
  • Languages : en
  • Pages : 687

Since the late 1980s, policy makers and regulators in a number of countries have liberalized, restructured or "deregulated their electric power sector, typically by introducing competition at the generation and retail level. These experiments have resulted in vastly different outcomes - some highly encouraging, others utterly disastrous. However, many countries continue along the same path for a variety of reasons. Electricity Market Reform examines the most important competitive electricity markets around the world and provides definitive answers as to why some markets have performed admirably, while others have utterly failed, often with dire financial and cost consequences. The lessons contained within are direct relevance to regulators, policy makers, the investment community, industry, academics and graduate students of electricity markets worldwide. - Covers electicity market liberalization and deregulation on a worldwide scale - Features expert contributions from key people within the electricity sector


Deregulation, Innovation and Market Liberalization

Deregulation, Innovation and Market Liberalization

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  • Author: Laura Lynne Kiesling
  • Publisher:
  • ISBN: 9780415541183
  • Category : Electric utilities
  • Languages : en
  • Pages : 0

This book delves into regulatory and technological change affecting the electricity industry and provides a previously unexplored synthesis of new institutional economics, experimental economics, evolutionary economics, and network theory.


Making Competition Work in Electricity

Making Competition Work in Electricity

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  • Author: Sally Hunt
  • Publisher: John Wiley & Sons
  • ISBN: 0471266027
  • Category : Business & Economics
  • Languages : en
  • Pages : 467

An expert's perspective on how competition can make this industry work. There has never been a coherent plan to restructure the electricity industry in the USâ??until now. Power expert Sally Hunt gets down to the critical lessons learned from the California power crisis and other deregulated markets, in which competition has been introduced properly and successfully. Hunt presents sensible solutions to power market reform that have been cultivated over her twenty years of professional work in the industry. Sally Hunt (New York, NY) spent twenty years at National Economic Research Associates, where she was head of NERA's U.S. energy practice and a member of the board. Coauthor of Competition and Choice in Electricity with Graham Shuttleworth (0471957828), she has served as Corporate Economist at Con Edison, Deputy Director of the New York City Energy Office, and Assistant Administrator of the New York City Environmental Protection Administration. Over the years, financial professionals around the world have looked to the Wiley Finance series and its wide array of bestselling books for the knowledge, insights, and techniques that are essential to success in financial markets. As the pace of change in financial markets and instruments quickens, Wiley Finance continues to respond. With critically acclaimed books by leading thinkers on value investing, risk management,asset allocation, and many other critical subjects, the Wiley Finance series provides the financial community with information they want. Written to provide professionals and individuals with the most current thinking from the best minds in the industry, it is no wonder that the Wiley Finance series is the first and last stop for financial professionals looking to increase their financial expertise.


The California Electricity Crisis

The California Electricity Crisis

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  • Author: Christopher Weare
  • Publisher: Public Policy Instit. of CA
  • ISBN: 1582130647
  • Category : Business & Economics
  • Languages : en
  • Pages : 140


Electric System Operations

Electric System Operations

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  • Author: Mani Vadari
  • Publisher: Artech House
  • ISBN: 1608075494
  • Category : Technology & Engineering
  • Languages : en
  • Pages : 276

Here is a timely resource that gives you an insightful business perspective on electric systems operations, revealing how this area is critical to a utility's ability to provide reliable power to its customers. The book presents a thorough definition system operations, identifying and explaining the various systems that support this function and how they integrate into the utility. You discover how a utility's network operation is a key contributor to the viable sustainment of its business. The book presents the convergence of the systems used in the grid operations of today and addresses the emerging needs of the smart grid operations of tomorrow. You learn how system operations help to ensure the right levels of safety, reliability and efficiency in everything that relates to transmission and distribution grid management. The book discusses important technologically intensive systems -- like EMS, DMS -- that function inside the control center. Additionally, you are introduced to DEMS -- an emerging system which has been designed to help utilities provide better services to customers, and enable customers to become an integral part of the overall utility system.


Power System Restructuring and Deregulation

Power System Restructuring and Deregulation

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  • Author: Loi Lei Lai
  • Publisher: John Wiley & Sons
  • ISBN: 9780471495000
  • Category : Technology & Engineering
  • Languages : en
  • Pages : 508

Die Umstrukturierung und Liberalisierung der Stromerzeugung brachte tiefgreifende Veränderungen des Marktes, des Wettbewerbs, der Technologien und nicht zuletzt der gesetzlichen Vorschriften mit sich. Dieser Band konzentriert sich auf die technischen Fortschritte und bespricht derzeit aktuelle Probleme anhand anschaulicher Fallstudien. So werden zum Beispiel neue Verfahren zur Vorhersage der Netzlast erläutert. Von international renommierten Experten geschrieben! (07/00)