The Effects Of De Regulation On The Us Electric Power Market
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Author | : Verena Keller |
Publisher | : GRIN Verlag |
Total Pages | : 86 |
Release | : 2010-11-10 |
Genre | : Business & Economics |
ISBN | : 3640745817 |
Examination Thesis from the year 2010 in the subject Economy - Theory of Competition, Competition Policy, grade: 2,0, Friedrich-Alexander University Erlangen-Nuremberg (Institut für Wirtschaftswissenschaften), language: English, abstract: Thomas Edison and Joseph Wilson Swan revolutionized the use of electricity by inventing the light bulb in 1879 (cf. Center for Solid State Science). With this new invention people finally had the possibility to light their homes and streets at night. Obviously this entailed a wide range of advantages in terms of the standard of economy, security, comfort and much more. However, with the invention and spread of the light bulb another problem occurred simultaneously: the need for nationwide electric power supply. Due to the lack of devices, there had been no need to supply power on the large scale before the invention of the light bulb. Now a solution for providing the populace with electric power had to be found. It was again Edison, who therefore laid the foundation, three years after he had in-vented the “artificial light”. Simultaneously he intended, as can be deducted from the quotation above, that electricity became available and affordable for every-one.
Author | : John C. Moorhouse |
Publisher | : Pacific Studies in Public Poli |
Total Pages | : 556 |
Release | : 1986 |
Genre | : Business & Economics |
ISBN | : |
Author | : James M. Griffin |
Publisher | : University of Chicago Press |
Total Pages | : 453 |
Release | : 2009-11-15 |
Genre | : Business & Economics |
ISBN | : 0226308588 |
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 | : Daniel H. Cole |
Publisher | : Routledge |
Total Pages | : 258 |
Release | : 2003-07-17 |
Genre | : Business & Economics |
ISBN | : 1135697000 |
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.
Author | : United States. Congress. House. Committee on Science. Subcommittee on Energy and Environment |
Publisher | : |
Total Pages | : 696 |
Release | : 1998 |
Genre | : Business & Economics |
ISBN | : |
Author | : Paul L. Joskow |
Publisher | : MIT Press (MA) |
Total Pages | : 269 |
Release | : 1988-08-01 |
Genre | : Business & Economics |
ISBN | : 9780262600187 |
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 | : Mohammad Shahidehpour |
Publisher | : John Wiley & Sons |
Total Pages | : 552 |
Release | : 2003-05-28 |
Genre | : Technology & Engineering |
ISBN | : 0471463949 |
An essential overview of post-deregulation market operations inelectrical power systems Until recently the U.S. electricity industry was dominated byvertically integrated utilities. It is now evolving into adistributive and competitive market driven by market forces andincreased competition. With electricity amounting to a $200 billionper year market in the United States, the implications of thisrestructuring will naturally affect the rest of the world. Why is restructuring necessary? What are the components ofrestructuring? How is the new structure different from the oldmonopoly? How are the participants strategizing their options tomaximize their revenues? What are the market risks and how are theyevaluated? How are interchange transactions analyzed and approved?Starting with a background sketch of the industry, this hands-onreference provides insights into the new trends in power systemsoperation and control, and highlights advanced issues in thefield. Written for both technical and nontechnical professionals involvedin power engineering, finance, and marketing, this must-haveresource discusses: * Market structure and operation of electric power systems * Load and price forecasting and arbitrage * Price-based unit commitment and security constrained unitcommitment * Market power analysis and game theory applications * Ancillary services auction market design * Transmission pricing and congestion Using real-world case studies, this timely survey offers engineers,consultants, researchers, financial managers, university professorsand students, and other professionals in the industry acomprehensive review of electricity restructuring and how itsradical effects will shape the market.
Author | : Richard Kendall Miller |
Publisher | : Prentice Hall |
Total Pages | : 224 |
Release | : 1996 |
Genre | : Competition |
ISBN | : |
An engineering consultant to electric utilities reports on the specific impact of deregulations that allow independent power producers access to transmission facilities. Among his topics are the spurred development of wholesale markets, how the competitive power market is structured, who the players are, new developments to watch for, air-pollution control regulations, international aspects, electric vehicles, and the utilization of new technologies by power producers. For executives of electric utilities, independent power producers, and suppliers of equipment or service to the industry. Double spaced. No index. Annotation copyright by Book News, Inc., Portland, OR
Author | : Georges Zaccour |
Publisher | : Springer Science & Business Media |
Total Pages | : 353 |
Release | : 2012-12-06 |
Genre | : Business & Economics |
ISBN | : 1461557291 |
Deregulation of Electric Utilities reviews the main issues relating to the changing environment in the utility industry. Topics covered in depth include compensation for stranded costs, efficiency gains, institutional design, pricing, economics of scale, and network externalities. In addition, this book assesses early experiences in electricity deregulation in continental Europe, New Zealand, North America, and the United Kingdom.
Author | : Michael A. Crew |
Publisher | : Springer Science & Business Media |
Total Pages | : 242 |
Release | : 2002-10-31 |
Genre | : Business & Economics |
ISBN | : 9780792375692 |
Markets, Pricing, and Deregulation of Utilities examines the effects of deregulation on the energy and telecommunications industries in an economic environment that has changed dramatically since deregulation was first introduced in those industries several years ago. The contributors to this book discuss the aspects of deregulation that appear to be succeeding and those that seem to be failing. Within that framework, they offer insight as to the possible next stages of regulatory restructuring and reform. The contents of this book provide a strong theoretical base leading to a better understanding of markets, pricing, and deregulation by utility managers, regulators, and economists.