Alternating Currents: Electricity and Public Policy

Overview

Many U.S. states, as well as many countries, are opening their electric power markets to competition. Others, in response to the crisis in California, have ruled out competition. Alternating Currents provides a timely overview of the major issues facing industry regulators, legislators and others as they consider whether, when, and how to open electricity markets.

The authors begin with background on the electric power industry, including the technology for producing and ...

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Overview

The authors begin with background on the electric power industry, including the technology for producing and delivering power, the history of regulatory policy, and an analysis of recent experiences with restructuring. They then provide insights into the policy debates and economic issues, including industry structure, future regulation, system integrity and reliability, the mitigation of market power, and environmental protection.

Alternating Currents describes the recent events leading to the demise of retail competition in California in order to extract lessons for future attempts at deregulation. It offers perspectives on what makes electricity a unique resource and what makes the potential conflict between competition and reliability the most pressing of the long-term concerns for the electricity industry.

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What People Are Saying

William W. Hogan

Well written and accessible for students, the general public, and members of the policy community. The coverage of market power is both sophisticated and balanced. It is one of the best summaries I have seen on the subject. The discussion of current debates, particularly the response to what happened in California, is timely and well balanced.

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Product Details

ISBN-13: 9781891853524
Publisher: Earthscan/James & James
Publication date: 3/11/2002
Series: Rff Press Series
Pages: 210

Meet the Author

Timothy J. Brennan is a senior fellow at Resources for the Future and a professor of policy sciences and economics at the University of Maryland, Baltimore County. Karen L. Palmer is a senior fellow at Resources for the Future. Brennan and Palmer are coauthors of A Shock to the System: Restructuring America's Electricity Industry (1996). Salvador A. Martinez is a former research assistant at Resources for the Future. He is currently in the department of economics at the University of Florida.

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	Preface
	About the Authors
	Introduction
1	Issues in Restructuring the Electricity Industry	1
Pt. I	How the Industry Got Here
2	Understanding the Electricity Industry	13
3	From Regulation to Competition	26
4	International and U.S. Restructuring Experiences	33
5	The California Experience	46
Pt. II	Current Policy Issues
6	Competition in Energy, Regulation of Wires	61
7	Vertical Restructuring	71
8	Regulating Rates for Transmission and Distribution	81
9	Encouraging Competition	92
10	Balancing Loads and Dispatching Power	106
11	Ensuring Reliability in a Competitive Market	116
12	State and Federal Roles	127
13	Public Power's Role after Restructuring	136
14	Covering Stranded Costs	149
15	Restructuring and Environmental Protection	159
16	Public Purpose Programs in a Competitive Market	173
Pt. III	The Future
17	Prospects for Restructuring	187
	Supplemental Reading	198
	Index	205

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Alternating Currents: Electricity and Public Policy

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More About This Book

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What People Are Saying

William W. Hogan

Product Details

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