› › Regulation Efficiency And Competition In The Exchange Of Electricity

Regulation, Efficiency, and Competition in the Exchange of Electricity

Author : Jan Paul Acton

Publisher :

Page : 120 pages

File Size : 37,8 MB

Release : 1985

Category : Electric utilities

ISBN : 9780833006844

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Book Description

This report presents the results of RAND's analysis of data from the first year of the Federal Energy Regulatory Commission's (FERC) Southwest bulk electric power market experiment. In successive sections, the authors describe current FERC regulation of transactions among electric utilities; develop a simple conceptual model of the economics of bulk power exchanges; discuss the effects of current regulation on the behavior of utilities in this model; describe the six utilities participating in the FERC experiment; and present efficiency and competitive analyses based on a paradigm of a hypothetical competitive and frictionless market consisting of the six participating utilities. The authors report mixed findings with respect to efficiency, and inconclusive results of the analysis of competitiveness. They suggest that refining the analytic technique and analyzing the second year of experimental data will be beneficial.--Publisher's description.





Competition and Regulation in Electricity Markets

Author : Sebastian Eyre

Publisher :

Page : 0 pages

File Size : 15,79 MB

Release : 2016

Category : Competition

ISBN : 9781783479771

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Book Description

Featuring an original introduction by the editors, these carefully-selected essays explore the main issues surrounding competition and regulation in electricity markets. The industry is experiencing irresistible forces of change, driven by energy policy objectives; a reassessment of market regulation in the face of high-energy prices; and the response to consumer pressure to agree on what constitutes a fair price for energy. This volume identifies the key articles that underpin the debate across the industries supply chain (generation, supply and networks) from a regulatory perspective (including market power and incentive regulation). The collection then considers the overall impact of liberalisation and future developments.



Competition in Electricity Markets

Author : Carlos Ocaña

Publisher : OECD

Page : 168 pages

File Size : 20,63 MB

Release : 2001

Category : Business & Economics

ISBN :

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Book Description

This book analyses the development of choice and competition in the Electricity Supply Industry (ESI). Drawing on a review of the international experience, it describes the main approaches that are being developed, discusses the key issues in the effective reform of electricity markets and provides an assessment of the emerging approach to reform. The book is written from the perspective of regulators and policy makers. It seeks to answer the question: what is an effective regulatory framework for competition in electricity markets?



From Regulation to Competition: New frontiers in electricity markets

Author : Michael A. Einhorn

Publisher : Springer Science & Business Media

Page : 286 pages

File Size : 28,1 MB

Release : 2012-12-06

Category : Business & Economics

ISBN : 9401113688

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Book Description

Electric utilities throughout the world continue to face new challenges involving ownership, market structure, and regulation. There are three related issues at hand. First, should ownership be private or public? Second, what operations should be integrated and where is competition feasible? Third, where is regulation necessary and can it be made more efficient? This volume bears directly upon these concerns. The book contains two sections. The first six articles discuss the British electricity experiment that has privatized and disintegrated the nation's generation, transmission, and distribution companies, introduced market competition for power purchases, and implemented incentive regulation for monopolized transmission and distribution grids. The remaining articles focus on the theater in which significant microeconomic issues will continue to emerge, most immediately in the U.K. and U.S.A. -- the coordination and pricing of transmission.



The End of a Natural Monopoly

Author : Daniel H. Cole

Publisher : Routledge

Page : 258 pages

File Size : 11,1 MB

Release : 2003-07-17

Category : Business & Economics

ISBN : 1135697000

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Book Description

This book addresses the fundamental issues underlying the debate over electric power regulation and deregulation. After decades of the presumption that the electric power industry was a natural monopoly, recent times have seen a trend of deregulation followed by panicked re-regulation.



Competition, Contracts and Electricity Markets

Author : Jean-Michel Glachant

Publisher : Edward Elgar Publishing

Page : 335 pages

File Size : 18,45 MB

Release : 2011

Category : Business & Economics

ISBN : 184980480X

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Book Description

This book fills a gap in the existing literature by dealing with several issues linked to long-term contracts and the efficiency of electricity markets. These include the impact of long-term contracts and vertical integration on effective competition, generation investment in risky markets, and the challenges for competition policy principles. On the one hand, long-term contracts may contribute to lasting generation capability by allowing for a more efficient allocation of risk. On the other hand, they can create conditions for imperfect competition and thus impair short-term efficiency. The contributors – prominent academics and policy experts with inter-disciplinary perspectives – develop fresh theoretical and practical insights on this important concern for current electricity markets. This highly accessible book will strongly appeal to both academic and professional audiences including scholars of industrial, organizational and public sector economics, and competition and antitrust law. It will also be of value to regulatory and antitrust authorities, governmental policymakers, and consultants in electricity law and economics.



Economics of Electricity

Author : Anna Cretì

Publisher : Cambridge University Press

Page : 369 pages

File Size : 44,42 MB

Release : 2019-05-30

Category : Business & Economics

ISBN : 1107185653

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Book Description

Explains the economics of electricity at each step of the supply chain: production, transportation and distribution, and retail.





Principles of Electricity Markets Economics

Author : Massimiliano Coppo

Publisher : Società Editrice Esculapio

Page : 273 pages

File Size : 45,13 MB

Release : 2020-02-25

Category : Technology & Engineering

ISBN : 8835377188

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Book Description

This book is aimed at university students in engineering, in particular graduated students in the electrical engineering area who want to learn more about topics such as the operation of electricity markets and the related policy decisions. The book starts with providing the fundamental theory of economics and regulation in relation to the electricity sector and then recalls the theory of nodal prices for the valuation of electrical energy at a power system buses. Numerical examples are used to clarify the implications of the theoretical models presented. Along with the theoretical aspects of valuating electricity, the book addresses the organisation of markets, including the real case example of the Italian power exchange, the options for capacity markets, the valuation of investments in transmission capacity and the congestion management, briefly recalling the current state of European markets integration. Environmental externalities are addressed while focusing on the current state of emission trading systems and the support for renewable energy. Finally, price formation and financial products supporting electricity trading are discussed.