Electricity deregulation : choices and challenges / edited by James M. Griffin and Steven L. Puller.

Format:

Book

Contributor:

Griffin, James M., 1944-

Puller, Steven L.

Series:

Bush School series in the economics of public policy ; v. 4.

Bush School series in the economics of public policy ; v. 4

Language:

English

Subjects (All):

Electric utilities--Deregulation--United States.

Electric utilities.

Physical Description:

1 online resource (453 p.)

Edition:

1st ed.

Place of Publication:

Chicago : University of Chicago Press, c2005.

Language Note:

English

Summary:

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.

Contents:

Frontmatter

Contents

Introduction: A Primer on Electricity and the Economics of Deregulation

Chapter 1. The Difficult Transition to Competitive Electricity Markets in the United States

Chapter 2. Restructuring the Electricity Industry in England and Wales

Chapter 3. Lessons from the California Electricity Crisis

Chapter 4. Lessons Learned: The Texas Experience

Chapter 5. The Efficiency of Electricity Generation in the United States after Restructuring

Chapter 6. Looking for Trouble: Competition Policy in the U.S. Electricity Industry

Chapter 7. The Oversight of Restructured Electricity Markets

Chapter 8. Time-Varying Retail Electricity Prices: Theory and Practice

Chapter 9. Transmission Market Design

Chapter 10. Ensuring Generation Adequacy in Competitive Electricity Markets

Chapter 11. Perspectives from Policymakers

Conclusion: Final Thoughts

Author Index

Subject Index

Notes:

Description based upon print version of record.

Includes bibliographical references and indexes.

ISBN:

9786612426544

9781282426542

1282426540

9780226308586

0226308588

OCLC:

527731666