Description |
1 online resource (218 pages) : illustrations |
Series |
Energy market experience |
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Energy market experience.
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Contents |
Electricity market liberalisation has delivered long term benefits -- Competition is the fuel for effective markets -- Price signals are the glue -- Risk management and consumer protection -- Investment in generation and transmission -- When do liberalised electricity markets fail? -- Annex 1. British electricity trading and transmission arrangements -- Annex 2. The Nordic electricity market -- Annex 3. Australian national electricity market -- Annex 4. Pennsylvania-New Jersey-Maryland Interconnection (PJM) |
Summary |
"After a decade or more of experiences in reforming electricity markets in several pioneer regions, some important lessons can now be drawn. This book gives an assessment of these developments, focusing on the issues that are critical for successful electricity market liberalization. One lesson is that it is a long process which requires strong on-going government involvement and commitment. Experiences and examples in the study are mainly drawn from the UK, Australian, Nordic and North Eastern United States (the PJM interconnection) markets, which have all operated with considerable success for a number of years. They have improved efficiency without jeopardizing system security. These markets are described in greater detail in annexes of the book but the main analysis focuses on key issues rather than on specific countries and regions or specific market models. The study explores different solutions used in those relatively robust markets and the remaining challenges."--Publisher description |
Notes |
"Energy market experience." |
Bibliography |
Includes bibliographical references (pages 213-218) |
Notes |
Description based on print version record |
Subject |
Electric utilities -- Deregulation -- Case studies.
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Electric utilities -- Government policy -- Case studies.
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Privatization -- Case studies.
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Genre/Form |
Case studies.
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Form |
Electronic book
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Author |
International Energy Agency.
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