Electricity Deregulation: Choices and Challenges Volume 4
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The electricity market has experienced enormous setbacks in delivering on the promise of deregulation. In theory, deregulating the electricity market would increase the efficiency of the industry by producing electricity at lower costs and passing those cost savings on to customers. However, deregulation poses substantial risks if the market is not designed properly, as the recent California crisis demonstrated. As Electricity Deregulation shows, successful deregulation is possible, although it is by no means a hands-off process--in fact, it requires a substantial amount of design and…mehr

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Produktbeschreibung
The electricity market has experienced enormous setbacks in delivering on the promise of deregulation. In theory, deregulating the electricity market would increase the efficiency of the industry by producing electricity at lower costs and passing those cost savings on to customers. However, deregulation poses substantial risks if the market is not designed properly, as the recent California crisis demonstrated. As Electricity Deregulation shows, successful deregulation is possible, although it is by no means a hands-off process--in fact, it requires a substantial amount of design and regulatory oversight. This collection brings together leading experts from academia, government, and big business to discuss the lessons learned from experiences such as California's market meltdown as well as the ill-conceived policy choices that contribute to such failures. More importantly, the essays that comprise Electricity Deregulation offer a number of innovative prescriptions for the successful design of deregulated electricity markets. Written with economists and professionals associated with each of the network industries in mind, this comprehensive volume provides a timely and astute deliberation on the many risks and rewards of electricity deregulation.
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Autorenporträt
James M. Griffin is the Bob Bullock Chair in Public Policy and Economics at the George Bush School of Government and Public Service at Texas A&M University. His books include Energy, Economics, and Policy and OPEC Behavior and World Oil Prices.Steven L. Puller is assistant professor in the Department of Economics at Texas A&M University.