Electric Choices: Deregulation and the Future of Electric Power

Electric Choices: Deregulation and the Future of Electric Power

by Andrew N. Kleit
     
 

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ISBN-10: 0742548759

ISBN-13: 9780742548756

Pub. Date: 10/28/2006

Publisher: Rowman & Littlefield Publishers, Inc.

Electricity is one of the largest and most vital industries in the U.S. economy, with sales exceeding $200 billion annually. While electricity represents the backbone of commerce, industry, and household production, the structure of the industry has been changing in rather dramatic ways. After being heavily regulated for more than a century by local, state,

Overview

Electricity is one of the largest and most vital industries in the U.S. economy, with sales exceeding $200 billion annually. While electricity represents the backbone of commerce, industry, and household production, the structure of the industry has been changing in rather dramatic ways. After being heavily regulated for more than a century by local, state, regional, and federal authorities, deregulation is taking center stage. In general, deregulation results in lower prices, more product choices, and more rapid technological advances. Conversely, rate regulation has inherent flaws, including the encouragement of waste and inefficiency, and a retarding of innovation. There is little doubt to the contributors of this book that putting regulation aside offers enormous efficiency gains in the production of electricity. But can market forces handle the delicate matter of transmitting electricity when the simple model of supply and demand must be more precise than other goods and services? How much regulation does the electric industry need? The essays in this timely collection explore these difficult questions and propose a new, market-based plan to improve America's electrical future. Published in cooperation with The Independent Institute.

Product Details

ISBN-13:
9780742548756
Publisher:
Rowman & Littlefield Publishers, Inc.
Publication date:
10/28/2006
Pages:
256
Product dimensions:
6.38(w) x 9.36(h) x 0.57(d)

Related Subjects

Table of Contents


Foreword     vii
Introduction   Andrew N. Kleit     1
Can Electricity Restructuring Survive? Lessons from California and Pennsylvania   Timothy J. Considine   Andrew N. Kleit     9
The Role of Retail Pricing in Electricity Restructuring   L. Lynne Kiesling     39
Using Experiments to Inform the Privatization/Deregulation Movement in Electricity   Vernon L. Smith   Stephen J. Rassenti   Bart J. Wilson     63
Electricity Industry Restructuring: The Alberta Experience   Terry Daniel   Joseph Doucet   Andre Plourde     91
Transactions Costs and the Organization of Coordination Activities in Power Markets   Craig S. Pirrong     113
Market-based Transmission Investments and Competitive Electricity Markets   William W. Hogan     135
Preventing Monopoly or Discouraging Competition? The Perils of Price-Cost Tests for Market Power in Electricity   Timothy J. Brennan     163
The Role of Distributed Energy Resources in a Restructured Power Industry   David E. Dismukes     181
Post-Blackout Reliability Policy: A Robust, Flexible Twenty-first-century Grid   L. Lynne Kiesling   Michael Giberson     209
Index     229
About theContributors     241

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