Making Competition Work in Electricity / Edition 1

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Overview

in praise of making competition work in electricity

"Here is the book I’ve been looking for to guide me through the devilishly complicated experience of electric industry deregulation…"
–From the Foreword by Alfred E. Kahn

"A thoughtful and comprehensive analysis of the issues associated with creating competitive electricity markets that work well. The book provides a clear road map for steps that the U.S. must take to make electricity industry competition initiatives a success. An essential guide for policymakers."
–Paul L. Joskow
Elizabeth and James Killian Professor of Economics
Massachusetts Institute of Technology

"Grounded in solid theory and buttressed by extensive practical experience, Hunt’s analysis brings welcome clarity to the sometimes surreal discussion of electricity restructuring. Ignore it at your peril."
–William W. Hogan
Lucius N. Littauer Professor of Public Policy and Administration John F. Kennedy School of Government, Harvard University

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Editorial Reviews

From the Publisher
"…for PowerUK readers, the book should be indispensable…provides a useful introduction to the problems that have dogged the US so enabling UK readers to put parochial energy matters in a global context…" (PowerUK, October 2002)

“…IT will undoubtedly become recommended, if not required, reading for students, researchers, regulators, and the industry alike…”(The Journal of Energy Literature, Vol.V111, No.2, 2002

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Product Details

  • ISBN-13: 9780471220985
  • Publisher: Wiley
  • Publication date: 5/2/2002
  • Series: Wiley Finance Series , #121
  • Edition number: 1
  • Pages: 450
  • Product dimensions: 6.20 (w) x 9.10 (h) x 1.40 (d)

Meet the Author

SALLY HUNT was head of the energy practice at NERA, an international consulting firm, and coauthored Competition and Choice in Electricity (Wiley). She has advised governments around the world on competition in the electricity industry, and has worked closely with many electric companies on implementation.

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Table of Contents

Introduction.

PART I: THE STANDARD PRESCRIPTION.

The Essential Aspects of Electricity.

Reforming the Industry.

Requirements for Competition: Demand Side.

Requirements for Competition: Supply Side.

Liquid, Efficient, and Complete Marketplaces.

Trading Arrangements.

Details of the Integrated Trading Model.

Transmission Business Model.

Issues in the Retail and Distribution Business.

Summary and Conclusions to Part One.

PART II: THE UNITED STATES.

The Structure of the Industry.

Changes in the 1990s.

The New Players.

Trading Arrangements in the United States.

Transmission Business Model.

Control of Market Power.

Retail Regimes.

Current Jurisdictional Situation.

Five Major Changes Revisited.

Appendix A: Electricity Restructuring in England and Wales.

Appendix B: National Grid Company (U.K.).

Appendix C: The California Crisis 2000-2001.

Appendix D: The U.S. Gas Experience—A Comparison with Electricity.

Appendix E: Building New Generators—When, Where, and How.

Appendix F: Building New Transmission—When, Where, and How.

Glossary.

Index.

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