Electric Choices: Deregulation and the Future of Electric Powerby Andrew N. Kleit
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,
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.
- Rowman & Littlefield Publishers, Inc.
- Publication date:
- Product dimensions:
- 6.38(w) x 9.36(h) x 0.57(d)
Table of Contents
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
About theContributors 241
and post it to your social network
Most Helpful Customer Reviews
See all customer reviews >