Competition And Regulation In Electricity Markets

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Competition and Regulation in Electricity Markets

Author : Sebastian Eyre,Michael G. Pollitt
Publisher : Unknown
Page : 0 pages
File Size : 52,8 Mb
Release : 2016
Category : Competition
ISBN : 1783479779

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Competition and Regulation in Electricity Markets by Sebastian Eyre,Michael G. Pollitt Pdf

Featuring an original introduction by the editors, these carefully-selected essays explore the main issues surrounding competition and regulation in electricity markets. The industry is experiencing irresistible forces of change, driven by energy policy objectives; a reassessment of market regulation in the face of high-energy prices; and the response to consumer pressure to agree on what constitutes a fair price for energy. This volume identifies the key articles that underpin the debate across the industries supply chain (generation, supply and networks) from a regulatory perspective (including market power and incentive regulation). The collection then considers the overall impact of liberalisation and future developments.

Competition and Regulation in Electricity Markets

Author : Sebastian Eyre
Publisher : Unknown
Page : 976 pages
File Size : 45,8 Mb
Release : 2016
Category : Electric power
ISBN : 1784716294

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Competition and Regulation in Electricity Markets by Sebastian Eyre Pdf

This timely research review explores the main issues surrounding competition and regulation in electricity markets. The industry is experiencing irresistible forces for change driven by energy policy objectives; a reassessment of market regulation in the face of high energy prices and the response to consumer pressure to agree on what constitutes a fair price for energy. This research review identifies the key articles that underpin the debate across the industries supply chain (generation, supply and networks) and from a regulatory perspective (including market power and incentive regulation) followed by a consideration of the overall impact of liberalisation and future developments.

Economics of Electricity

Author : Anna Cretì,Fulvio Fontini
Publisher : Cambridge University Press
Page : 369 pages
File Size : 43,6 Mb
Release : 2019-05-30
Category : Business & Economics
ISBN : 9781107185654

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Economics of Electricity by Anna Cretì,Fulvio Fontini Pdf

Explains the economics of electricity at each step of the supply chain: production, transportation and distribution, and retail.

Competition in Energy Markets

Author : Peter D. Cameron,Michael Brothwood
Publisher : Oxford University Press, USA
Page : 544 pages
File Size : 43,6 Mb
Release : 2002
Category : Business & Economics
ISBN : 0198257708

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Competition in Energy Markets by Peter D. Cameron,Michael Brothwood Pdf

Recent years have seen a major growth in the European law concerning the operation of the energy industry, especially with respect to electricity and gas. Several directives have been adopted that are aimed at the promotion of competition in this key sector of the European economy. At thesame time, the jurisprudence of the European Court had developed further on matters such as access to networks, import and export monopolies and security of supply.In this book the authors examine the principal legislation, Treaty provisions and decisions of the Court of Justice and Court of First Instance of the EU as they related to the promotion of competition in European energy markets. In particular, two chapters are devoted to a detailed analysis of theprovisions of the two directives that set out common rules for the creation of an internal market in the electricity and gas sectors. In each case, the analysis is set in the context of the various programmes of energy market liberalization and privatization in the Member States, which aresummarized in this book. However, the authors also take the wider pan-European context into account, explaining the requirements and the implications of the European Economic Area Agreement, the Energy Charter Treaty and the Europe Agreements with countries of Central and Eastern Europe.The approach adopted by the authors is both analytical and historical. They locate the legislation in the context of the EU Internal Market programme that began in the late 1980s and explain the roles played by the various parties (energy industries, consumers and EU institutions) in shaping thefinal legislation. Importantly, they explain how the framework character of the energy directives has led to further important rule-making in the implementation of the directives across the EU. They conclude that a co-ordinated response between the European Commission and the national regulatorswill be essential to resolve problems arising in the transition to a competitive energy market in the EU.

Competition, Contracts and Electricity Markets

Author : Jean-Michel Glachant,Dominique Finon,Adrien De Hauteclocque
Publisher : Edward Elgar Publishing
Page : 335 pages
File Size : 44,5 Mb
Release : 2011
Category : Business & Economics
ISBN : 9781849804806

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Competition, Contracts and Electricity Markets by Jean-Michel Glachant,Dominique Finon,Adrien De Hauteclocque Pdf

This book fills a gap in the existing literature by dealing with several issues linked to long-term contracts and the efficiency of electricity markets. These include the impact of long-term contracts and vertical integration on effective competition, generation investment in risky markets, and the challenges for competition policy principles. On the one hand, long-term contracts may contribute to lasting generation capability by allowing for a more efficient allocation of risk. On the other hand, they can create conditions for imperfect competition and thus impair short-term efficiency. The contributors – prominent academics and policy experts with inter-disciplinary perspectives – develop fresh theoretical and practical insights on this important concern for current electricity markets. This highly accessible book will strongly appeal to both academic and professional audiences including scholars of industrial, organizational and public sector economics, and competition and antitrust law. It will also be of value to regulatory and antitrust authorities, governmental policymakers, and consultants in electricity law and economics.

From Regulation to Competition: New frontiers in electricity markets

Author : Michael A. Einhorn
Publisher : Springer Science & Business Media
Page : 286 pages
File Size : 46,5 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9789401113687

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From Regulation to Competition: New frontiers in electricity markets by Michael A. Einhorn Pdf

Electric utilities throughout the world continue to face new challenges involving ownership, market structure, and regulation. There are three related issues at hand. First, should ownership be private or public? Second, what operations should be integrated and where is competition feasible? Third, where is regulation necessary and can it be made more efficient? This volume bears directly upon these concerns. The book contains two sections. The first six articles discuss the British electricity experiment that has privatized and disintegrated the nation's generation, transmission, and distribution companies, introduced market competition for power purchases, and implemented incentive regulation for monopolized transmission and distribution grids. The remaining articles focus on the theater in which significant microeconomic issues will continue to emerge, most immediately in the U.K. and U.S.A. -- the coordination and pricing of transmission.

Competition in Electricity Markets

Author : Carlos Ocaña,International Energy Agency,Organisation for Economic Co-operation and Development
Publisher : OECD
Page : 168 pages
File Size : 50,7 Mb
Release : 2001
Category : Business & Economics
ISBN : UOM:39015053380575

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Competition in Electricity Markets by Carlos Ocaña,International Energy Agency,Organisation for Economic Co-operation and Development Pdf

This book analyses the development of choice and competition in the Electricity Supply Industry (ESI). Drawing on a review of the international experience, it describes the main approaches that are being developed, discusses the key issues in the effective reform of electricity markets and provides an assessment of the emerging approach to reform. The book is written from the perspective of regulators and policy makers. It seeks to answer the question: what is an effective regulatory framework for competition in electricity markets?

Competitive Electricity Markets and Sustainability

Author : François Lévêque
Publisher : Edward Elgar Publishing
Page : 319 pages
File Size : 52,9 Mb
Release : 2007-01-01
Category : Business & Economics
ISBN : 9781847204356

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Competitive Electricity Markets and Sustainability by François Lévêque Pdf

This book responds to the opening up of electricity markets to competition, which has completely changed the nature of power generation. The building of new generation and transmission capacity and the setting of the energy mix between nuclear, gas and renewable resources are mainly left to private initiative and investors. The authors and the editor of this book explore whether or not market forces offer a sustainable future for electricity generation. They employ economic theory and method to answer questions such as: Will the market be able to ensure adequacy of generation capacity and secu.

Economic Regulation and Its Reform

Author : Nancy L. Rose
Publisher : University of Chicago Press
Page : 619 pages
File Size : 53,8 Mb
Release : 2014-08-29
Category : Business & Economics
ISBN : 9780226138169

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Economic Regulation and Its Reform by Nancy L. Rose Pdf

The past thirty years have witnessed a transformation of government economic intervention in broad segments of industry throughout the world. Many industries historically subject to economic price and entry controls have been largely deregulated, including natural gas, trucking, airlines, and commercial banking. However, recent concerns about market power in restructured electricity markets, airline industry instability amid chronic financial stress, and the challenges created by the repeal of the Glass-Steagall Act, which allowed commercial banks to participate in investment banking, have led to calls for renewed market intervention. Economic Regulation and Its Reform collects research by a group of distinguished scholars who explore these and other issues surrounding government economic intervention. Determining the consequences of such intervention requires a careful assessment of the costs and benefits of imperfect regulation. Moreover, government interventions may take a variety of forms, from relatively nonintrusive performance-based regulations to more aggressive antitrust and competition policies and barriers to entry. This volume introduces the key issues surrounding economic regulation, provides an assessment of the economic effects of regulatory reforms over the past three decades, and examines how these insights bear on some of today’s most significant concerns in regulatory policy.

Competitive Electricity Markets

Author : Fereidoon P. Sioshansi
Publisher : Elsevier
Page : 624 pages
File Size : 50,8 Mb
Release : 2011-10-10
Category : Technology & Engineering
ISBN : 0080557716

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Competitive Electricity Markets by Fereidoon P. Sioshansi Pdf

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. Competitive Electricity Markets 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

Handbook on Electricity Markets

Author : Glachant, Jean-Michel,Joskow, Paul L.,Pollitt, Michael G.
Publisher : Edward Elgar Publishing
Page : 672 pages
File Size : 52,8 Mb
Release : 2021-11-12
Category : Business & Economics
ISBN : 9781788979955

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Handbook on Electricity Markets by Glachant, Jean-Michel,Joskow, Paul L.,Pollitt, Michael G. Pdf

With twenty-two chapters written by leading international experts, this volume represents the most detailed and comprehensive Handbook on electricity markets ever published.

Electricity Economics

Author : Geoffrey S. Rothwell,Tomás Gómez
Publisher : Wiley-IEEE Press
Page : 312 pages
File Size : 48,6 Mb
Release : 2003-02-14
Category : Business & Economics
ISBN : STANFORD:36105111890203

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Electricity Economics by Geoffrey S. Rothwell,Tomás Gómez Pdf

Written originally as a manual for the Federal Energy Commission to train regional rate regulators, this is a clear, comprehensive primer on the principles of economics and finance underlying the regulation of electricity markets and the deregulation of electricity generation.

Market Building through Antitrust

Author : Adrien de Hauteclocque
Publisher : Edward Elgar Publishing
Page : 225 pages
File Size : 42,9 Mb
Release : 2013-12-27
Category : Technology & Engineering
ISBN : 9780857937742

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Market Building through Antitrust by Adrien de Hauteclocque Pdf

By mixing legal, political and economic perspectives, this book will appeal to a wide range of readers from academia in law, economics and political science, regulatory and competition authorities, as well as legal and consulting practices and business

Capacity Withdrawals in the Electricity Wholesale Market

Author : Panagiotis Tsangaris
Publisher : Springer
Page : 208 pages
File Size : 54,8 Mb
Release : 2017-08-30
Category : Law
ISBN : 9783662555132

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Capacity Withdrawals in the Electricity Wholesale Market by Panagiotis Tsangaris Pdf

This book examines the issue of capacity withdrawals in the electricity wholesale market. Electricity generators can exercise market power in the wholesale market either by withdrawing generation capacity, or by pricing above competitive levels in order to achieve a higher market price and, thereby, increase revenues. After a comprehensive explanation of capacity withdrawal practices and the issues that arise when proceeding under competition law, the book analyses whether an increased state of transparency, as provided for in the REMIT and Regulation 543/2013, could facilitate the efficient functioning of electricity wholesale markets and the investigation of capacity withdrawal practices. It also examines the effect of the prohibition of market manipulation as prescribed in the REMIT in dealing with abusive capacity withdrawals in the electricity wholesale market.

Imperfect Markets and Imperfect Regulation

Author : Thomas-Olivier Leautier
Publisher : MIT Press
Page : 413 pages
File Size : 43,8 Mb
Release : 2019-03-19
Category : Business & Economics
ISBN : 9780262039284

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Imperfect Markets and Imperfect Regulation by Thomas-Olivier Leautier Pdf

The first textbook to present a comprehensive and detailed economic analysis of electricity markets, analyzing the tensions between microeconomics and political economy. The power industry is essential in our fight against climate change. This book is the first to examine in detail the microeconomics underlying power markets, stemming from peak-load pricing, by which prices are low when the installed generation capacity exceeds demand but can rise a hundred times higher when demand is equal to installed capacity. The outcome of peak-load pricing is often difficult to accept politically, and the book explores the tensions between microeconomics and political economy. Understanding peak-load pricing and its implications is essential for designing robust policies and making sound investment decisions. Thomas-Olivier Léautier presents the model in its simplest form, and introduces additional features as different issues are presented. The book covers all segments of electricity markets: electricity generation, under perfect and imperfect competition; retail competition and demand response; transmission pricing, transmission congestion management, and transmission constraints; and the current policy issues arising from the entry of renewables into the market and capacity mechanisms. Combining anecdotes and analysis of real situations with rigorous analytical modeling, each chapter analyzes one specific issue, first presenting findings in nontechnical terms accessible to policy practitioners and graduate students in management or public policy and then presenting a more mathematical analytical exposition for students and researchers specializing in the economics of electricity markets and for those who want to understand and apply the underlying models.