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Author: Colin Robinson Publisher: Edward Elgar Publishing ISBN: 9781845420789 Category : Business & Economics Languages : en Pages : 244
Book Description
This book is the latest annual review of utility regulation and deregulation, published in association with the Institute of Economic Affairs and the London Business School
Author: Colin Robinson Publisher: Edward Elgar Publishing ISBN: 9781845420789 Category : Business & Economics Languages : en Pages : 244
Book Description
This book is the latest annual review of utility regulation and deregulation, published in association with the Institute of Economic Affairs and the London Business School
Author: Paul L. Joskow Publisher: MIT Press (MA) ISBN: 9780262600187 Category : Business & Economics Languages : en Pages : 269
Book Description
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.
Author: H. Lee Willis Publisher: CRC Press ISBN: 142002826X Category : Technology & Engineering Languages : en Pages : 520
Book Description
Power interruptions of the scale of the North American Blackout of 2003 are rare, but they still loom as a possibility. Will the aging infrastructure fail because deregulated monopolies have no financial incentives to upgrade? Is centralized planning becoming subordinate to market forces? Understanding Electric Utilities and De-Regulation, Second Edition provides an updated, non-technical description that sheds light on the nature of the industry and the issues involved in its transition away from a regulated environment. The book begins by broadly surveying the industry, from a regulated utility structure to the major concepts of de-regulation to the history of electricity, the technical aspects, and the business of power. Then, the authors delve into the technologies and functions on which the industry operates; the many ways that power is used; and the various means of power generation, including central generating stations, renewable energy, and single-household size generators. The authors then devote considerable attention to the details of regulation and de-regulation. To conclude, one new chapter examines aging infrastructures and reliability of service, while another explores the causes of blackouts and how they can be prevented. Based on the authors' extensive experience, Understanding Electric Utilities and De-Regulation, Second Edition offers an up-to-date perspective on the major issues impacting the daily operations as well as the long-term future of the electric utilities industry.
Author: James M. Griffin Publisher: University of Chicago Press ISBN: 0226308588 Category : Business & Economics Languages : en Pages : 453
Book Description
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.
Author: Colin Robinson
Author: Colin Robinson
Author: Paul L. Joskow
Author: Michael A. Crew
Author: H. Lee Willis
Author: Michael A. Crew
Author: James M. Griffin
Author: Geoffrey S. Rothwell
Author: John C. Moorhouse
Author: Christopher Weare
Author: Michael A. Crew