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Power cut? : how the EU is pulling the plug on electricity markets / Carlo Stagnaro.
- Format:
- Book
- Author/Creator:
- Stagnaro, Carlo, author.
- Language:
- English
- Subjects (All):
- Energy industries--European Union countries.
- Energy industries.
- Electric power production--Economic aspects--European Union countries.
- Electric power production.
- Electric utilities--Government policy--European Union countries.
- Electric utilities.
- Physical Description:
- 1 online resource (176 p.)
- Place of Publication:
- London : Institute of Economic Affairs, 2015.
- Summary:
- By any measure, the privatisation and liberalisation of the UK energy industry was an enromous success. And yet the public are not convinced. As energy expert Carlo Stagnaro shows in this important book, the re-regulation of the market in the UK, together with policy developed at the EU level, has undermined all the important developments of the 1990s and early 2000s. The result has not only been poorer outcomes in the energy market but a very inefficient approach to reduce carbon dioxide emissions. The EU has also only been partially successful in promoting liberalisation and competition in electricity markets and the time is ripe for change. The author shows how the EU must learn the lessons from the UK's successful recent past - and the UK must re-learn them. Therein lies the route to a competitive energy market that serves the ends of consumers rather than the ends of politicians and other interest groups.
- Contents:
- Complex supply chains and state monopoliesTackling environmental concerns; Summary; PART 1 ; The Theoretical Framework; 2 The climate-energy nexus; Carbon emissions and energy; Are climate change policies inconsistent with broadly free markets?; 3 Electricity - from power station to household; Power systems; 4 The natural monopoly problem in electricity; Has technological progress killed the 'natural monopoly' argument?; 5 Market clearing and the problem of renewables; How the electricity market clears; PART 2; Liberalisation in Advance and Retreat
- The third liberalisation package
- Notes:
- Description based upon print version of record.
- Description based on online resource; title from PDF title page (ebrary, viewed June 16, 2016).
- ISBN:
- 0-255-36717-1
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