Competitive Electricity Markets: Design, Implementation, Performance

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Overview

After 2 decades, policymakers and regulators agree that electricity market reform, liberalization and privatization remains partly art. Moreover, the international experience suggests that in nearly all cases, initial market reform leads to unintended consequences or introduces new risks, which must be addressed in subsequent “reform of the reforms.” This volume describes the evolution of the market reform process including a number of challenging issues such as infrastructure investment, resource adequacy, capacity and demand participation, market power, distributed generation, renewable energy and global climate change.

« Sequel to Electricity Market Reform: An International Perspective in the same series published in 2006
« Contributions from renowned scholars and practitioners on significant electricity market design and implementation issues
« Covers timely topics on the evolution of electricity market liberalization worldwide

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Product Details

Meet the Author

Dr. F.P. Sioshansi has nearly 30 years of experience working in analysis of energy markets, specializing in the policy, regulatory, technical and environmental aspects of the electric power sector in the US and internationally. His research and professional interests are concentrated in demand and price forecasting, electricity market design, competitive pricing & bidding, integrated resource planning, energy conservation and energy efficiency, economics of global climate change, sustainability, energy security, renewable energy technologies, and comparative performance of competitive electricity markets.

Dr. Sioshansi advises major utility clients and government policy makers domestically and internationally on electricity market reform, restructuring and privatization of the electric power sector. He has published numerous reports, books, book chapters and papers in peer-reviewed journals on a wide range of subjects. Dr. Sioshansi edits and publishes EEnergy Informer, a monthly newsletter with wide international circulation. He is on the Editorial Advisory Board of The Electricity Journal where he is regularly featured in Electricity Currents section. He is a frequent contributor to Energy Policy and The Electricity Journal, and he serves on the editorial board of Utilities Policy. Major recent publications include the 2009 Elsevier volume, Electricity Generation in a Carbon Constrained World and the forthcoming 2010 book, In Search of A Carbon Neutral Future.

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Table of Contents

Foreword, M. Pollitt
Preface, W. Pfaffenberger
Electricity market reform: Progress and remaining challenges, F.P. Sioshansi
1. Reevaluation of vertical integration and unbundling, H. Chao et al.
2. Hybrid electricity markets and different patterns of restructuring, A.F. Correlje and L. De Vries
3. Achieving electricity market integration in Europe, N. Cornwall
4. Transmission markets, congestion management & investment, H. Singh
5. The design of U.S. wholesale energy and ancillary service auction markets: Theory and practice, R. O’Neill et al.
6. The cost of anarchy in self-commitment based electricity markets, R. Sioshansi et al.
7. Market power & market monitoring, P. Adib
8. Demand participation in restructured markets, J. Zarnikau
9. Resource adequacy: Alternate perspectives and divergent paths, P. Adib et al.
10. The evolution of PJM’s capacity market, J.E. Bowring
11. Resource adequacy & efficient infrastructure investment: Evidence from Australia’s National Electricity Market, A.Moran & B.S. Skinner
12. Promoting renewable energy: Lessons learned from 20 years of experimentation, R. Haas et al.
13. Distributed generation and the regulation of electricity networks, D. Bauknecht and G. Brunekreeft
14. Global climate change and the electric power industry, A. Ford
15. Reform of the reforms in Brazil: Problems and solutions, J. De Araujo et al.
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  • Anonymous

    Posted January 10, 2008

    A reviewer

    This book provides an excellent overview of the complexities of designing and implementing competitive electricity markets. It includes valuable contributions from renowned schaolars, academics and practiotioners from around the world.

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