Kooperativer Bibliotheksverbund

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Format: 1 online resource (687 p.)

ISBN: 1-280-64114-2 , 9786610641147 , 0-08-046271-5

Series Statement: Elsevier Global Energy Policy and Economics Series

Content: Since the late 1980s, policy makers and regulators in a number of countries have liberalized, restructured or "deregulated? their electric power sector, typically by introducing competition at the generation and retail level. These experiments have resulted in vastly different outcomes - some highly encouraging, others utterly disastrous. However, many countries continue along the same path for a variety of reasons. This book examines the most important competitive electricity markets around the world and provides definitive answers as to why some markets have performed admirably, whil

Note: Description based upon print version of record. , Front cover; Title page; Copyright; Table of contents; Front matter; Contributors; Foreword: The Market Versus Regulation; The Aims and Assessment of Reform; The "Textbook Model" for Restructuring and Competition; The Importance of Following the Textbook Model; California; Competition in the Wholesale Generation Market; Adequacy of Generation Investment; Competition in the Retail Supply Market; International Experience of Retail Competition in Residential Electricity Markets; Alternative Mechanisms or Regulating Residential Markets; The Decision-Making Process , Retail Competition and Public ChoiceThe Nature of Network Regulation; The Regulation of Transmission Networks; Merchant and Regulated Interconnectors in Australia; The Public Contest Method in Argentina; Analyzing Institutional Arrangements for Transmission; Conclusion; Body; Introduction to Electricity Sector Liberalization: Lessons Learned from Cross-Country Studies; Introduction; Why Restructuring, Regulatory Reform and Competition?; Textbook Architecture For Restructuring and Competition; Performance Assessments; Lessons Learned; Conclusion; References , PART I: What's Wrong With the Status Quo?1. Why Restructure Electricity Markets?; Summary; 1.1. Why Change the Status Quo?; 1.2. Drivers of change in regulatory paradigm; 1.3. Alternative views on competition and regulation; 1.4. In search of insights; References; 2. Sector-Specific Market Power Regulation versus General Competition Law: Criteria for Judging Competitive versus Regulated Markets; 2.1. Introduction; 2.2. The Search for Sector-Specific Market Power; 2.2.1. The theory of contestable markets; 2.2.2. The theory of monopolistic bottlenecks , 2.2.2.1. Localizing network-specific market power2.2.2.2. Monopolistic bottlenecks and the concept of the essential facility; 2.2.3. The theory of contestable networks as precursor for the theory of monopolistic bottlenecks; 2.3. Imperfectly Contestable Markets versus Monopolistic Bottlenecks; 2.3.1. The focus of the empirical studies on the theory of contestable markets; 2.3.2. One-sided focus on the role of potential competition; 2.3.3. Imperfect contestability versus monopolistic bottlenecks , 2.3.4. On the independence of network-specific market power from alternative behavioral assumptions2.3.5. The "e sunk cost" argument versus the localization of network-specific market power; 2.4. Localizing Monopolistic Bottlenecks in Different Network Sectors; 2.5. Localizing Monopolistic Bottlenecks Within the Energy Sector; 2.5.1. The different value chains in the electricity and gas sectors; 2.5.2. Competitive generation/production and retail; 2.5.3. Monopolistic bottlenecks in the transmission and distribution networks , 2.5.3.1. The specific characteristics of natural gas transmission and electricity transmission compared , English

Additional Edition: ISBN 0-08-045030-X

Language: English