By Fereidoon P. Sioshansi
Because the past due Nineteen Eighties, coverage makers and regulators in a couple of international locations have liberalized, restructured or "deregulated” their electrical strength region, ordinarily through introducing festival on the new release and retail point. those experiments have led to tremendously varied results - a few hugely encouraging, others totally disastrous. besides the fact that, many nations proceed alongside an analogous course for quite a few purposes.
This booklet examines an important aggressive electrical energy markets all over the world and offers definitive solutions as to why a few markets have played admirably, whereas others have completely failed, usually with dire monetary and price results.
The classes contained inside of are direct relevance to regulators, coverage makers, the funding neighborhood, undefined, lecturers and graduate scholars of electrical energy markets world wide.
· Covers electicity industry liberalization and deregulation on a world scale
· positive factors specialist contributions from key humans in the electrical energy zone
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Extra info for Electricity Market Reform: An International Perspective
These goals are to be achieved in a way that is consistent with environmental laws, regulations and policy goals. In many countries, the electricity sector is a major producer of conventional air pollutants (SO2, NOx, particulates) and CO2 emissions. Generating, distribution and transmission facilities can have significant impacts on land use and are not perceived as attractive neighbors by most individuals. Generating plants use large amounts of water for cooling and the release of warm water can have ecologic impacts.
Most of the chapters in this volume fall in the latter two categories. Nevertheless, they convey useful information and exhibit some common themes. One of the challenges that must be confronted in doing a performance assessment is to choose a suitable counterfactual benchmark for comparison purposes. That is, we need to measure various performance metrics and compare them with what these metrics would have been if the reforms had not been made at all or if they had been made differently. The easiest approach is to examine changes in performance over time using time series data and to attribute improvements or deteriorations in performance “before and after” the reforms were implemented to the reforms themselves.
In many developing countries, the sectors were characterized by low labor productivity, poor service quality, high system losses, inadequate investment in power supply facilities, unavailability of service to large portions of the population and prices that were too low to cover costs and support new investment (Besant-Jones, 1993; World Bank, 1994; Bacon and Besant-Jones, 2001). Industrial customers sometimes had to respond to frequent system outages by building their own isolated generating facilities, increasing their costs of doing business.
Electricity Market Reform: An International Perspective by Fereidoon P. Sioshansi