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Short-term Electricity Markets

Alok Kumar and Sushanta K. Chatterjee

in Electricity Sector in India: Policy and Regulation

Published in print:
2012
Published Online:
September 2012
ISBN:
9780198082279
eISBN:
9780199082063
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198082279.003.0006
Subject:
Economics and Finance, Development, Growth, and Environmental

This chapter covers the legal and policy provisions about the short-term electricity markets in India. It presents the status of implementation of these provisions. Drawing on the data and statistics ... More


Regulating Competition in Wholesale Electricity Supply

Nancy L. Rose

in Economic Regulation and Its Reform: What Have We Learned?

Published in print:
2014
Published Online:
January 2015
ISBN:
9780226138022
eISBN:
9780226138169
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226138169.003.0005
Subject:
Economics and Finance, Economic Systems

Experience of the past twenty years suggests that potential benefits from electricity industry restructuring are small relative to those from introducing competition into other network industries. ... More


The Transition to Competition in the Electricity Industry

Dieter Helm

in Energy, the State, and the Market: British Energy Policy since 1979

Published in print:
2004
Published Online:
May 2010
ISBN:
9780199270743
eISBN:
9780191718540
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199270743.003.0008
Subject:
Economics and Finance, Economic History

This chapter looks at the transition to competition in the electricity market, the controversies over the Pool and market abuse, and new entry into electricity generation. Ensuring security of supply ... More


Ken Lay: Competition Betrayed

Jeremiah D. Lambert

in The Power Brokers: The Struggle to Shape and Control the Electric Power Industry

Published in print:
2015
Published Online:
May 2016
ISBN:
9780262029506
eISBN:
9780262330985
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262029506.003.0005
Subject:
Business and Management, Business History

Joskow’s focus on energy markets was not solely an academic pursuit. It also animated certain leaders of the energy industry, including Ken Lay, an ambitious corporate empire builder who seized on ... More


The Difficult Transition to Competitive Electricity Markets in the United Stats

Paul L. Joskow

in Electricity Deregulation: Choices and Challenges

Published in print:
2005
Published Online:
February 2013
ISBN:
9780226308562
eISBN:
9780226308586
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226308586.003.0002
Subject:
Economics and Finance, Econometrics

This chapter provides an account of the transition to competitive wholesale and retail electricity markets in the U.S. It explains that the development of well-functioning competitive markets ... More


 Paiton's Power: The Cost of Poor Preparation

Louis T. Wells

in Making Foreign Investment Safe: Property Rights and National Sovereignty

Published in print:
2007
Published Online:
May 2007
ISBN:
9780195310627
eISBN:
9780199783847
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195310627.003.0008
Subject:
Economics and Finance, International

With slow growth in home electricity markets, cheap money, and a go-go atmosphere, foreign investors responded eagerly to the new call of emerging markets. Assurances of property rights added to ... More


The Regulatory History of EU Energy: The Evolution of EU Energy Law from 1957 Onwards

Kim Talus

in EU Energy Law and Policy: A Critical Account

Published in print:
2013
Published Online:
January 2014
ISBN:
9780199686391
eISBN:
9780191766268
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199686391.003.0002
Subject:
Law, EU Law, Environmental and Energy Law

This chapter discusses the substantive issues of EU energy law and policy, focusing on regulatory developments in EU energy law from 1957 onwards, up to the adoption of the first electricity and gas ... More


Self-Regulation, State Regulation, and Co-Regulation in Energy in New Zealand

Barry Barton

in Regulating Energy and Natural Resources

Published in print:
2006
Published Online:
January 2010
ISBN:
9780199299874
eISBN:
9780191714931
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199299874.003.0007
Subject:
Law, Public International Law

Energy regulation has seen many shifts and changes because of the significant policy movements that many countries have seen. Two substantial shifts have occurred in New Zealand in a two-year period, ... More


Electricity markets and their regulatory systems for a sustainable future

Catherine Mitchell

in Global Energy: Issues, Potentials, and Policy Implications

Published in print:
2015
Published Online:
September 2015
ISBN:
9780198719526
eISBN:
9780191788628
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198719526.003.0024
Subject:
Economics and Finance, Development, Growth, and Environmental

Current energy policy objectives revolve around decarbonization, security, and affordability. These objectives, particularly the first, have led to technological change and new, more integrated, ways ... More


Introduction A Primer on Electricity and the Economics of Deregulation

James M. Griffin and Steven L. Puller

in Electricity Deregulation: Choices and Challenges

Published in print:
2005
Published Online:
February 2013
ISBN:
9780226308562
eISBN:
9780226308586
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226308586.003.0001
Subject:
Economics and Finance, Econometrics

This introductory chapter provides a primer on electricity in order to explain how economists think about deregulation and to preview the contents of the rest of the book. The first section of this ... More


Looking for Trouble: Competition Policy in the U.S. Electricity Industry

James Bushnell

in Electricity Deregulation: Choices and Challenges

Published in print:
2005
Published Online:
February 2013
ISBN:
9780226308562
eISBN:
9780226308586
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226308586.003.0007
Subject:
Economics and Finance, Econometrics

This chapter describes the methods that have traditionally been applied as screens for competitiveness problems in the electricity industry, as well as some of the alternatives that appear to be much ... More


 Paiton's Power: A New Contender

Louis T. Wells

in Making Foreign Investment Safe: Property Rights and National Sovereignty

Published in print:
2007
Published Online:
May 2007
ISBN:
9780195310627
eISBN:
9780199783847
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195310627.003.0009
Subject:
Economics and Finance, International

With US government help, the second contender for Paiton I would strike a deal that promised huge profits and few risks. Lacking the kind of technological edge that protected ITT, investors would ... More


Evolution and Revolution in British Energy Network Regulation: From RPI-X to RIIO

Aileen McHarg

in Energy Networks and the Law: Innovative Solutions in Changing Markets

Published in print:
2012
Published Online:
May 2012
ISBN:
9780199645039
eISBN:
9780191738647
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199645039.003.0017
Subject:
Law, Environmental and Energy Law, Public International Law

The United Kingdom's major contribution to the theory and practice of economic regulation is incentive regulation. Although incentive regulation has a long pedigree and can take many forms, the ... More


Electricity Deregulation: Choices and Challenges

James M. Griffin and Steven L. Puller (eds)

Published in print:
2005
Published Online:
February 2013
ISBN:
9780226308562
eISBN:
9780226308586
Item type:
book
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226308586.001.0001
Subject:
Economics and Finance, Econometrics

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 ... More


Lessons Learned: The Texas Experience

Ross Baldick and Hui Niu

in Electricity Deregulation: Choices and Challenges

Published in print:
2005
Published Online:
February 2013
ISBN:
9780226308562
eISBN:
9780226308586
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226308586.003.0005
Subject:
Economics and Finance, Econometrics

This chapter discusses lessons that can be learned from the experience of the Electric Reliability Council of Texas (ERCOT). It explains that ERCOT is a bilateral market and rather than serving as ... More


The Oversight of Restructured Electricity Markets

Alvin K. Klevorick

in Electricity Deregulation: Choices and Challenges

Published in print:
2005
Published Online:
February 2013
ISBN:
9780226308562
eISBN:
9780226308586
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226308586.003.0008
Subject:
Economics and Finance, Econometrics

This chapter discusses the need for continual regulatory oversight of bidding in restructured electricity markets. It explains why deregulated electricity markets must be constantly monitored to ... More


Electricity for Community by Community: The Co-operative Model

Oche Onazi

in Human Rights from Community: A Rights-Based Approach to Development

Published in print:
2013
Published Online:
January 2014
ISBN:
9780748654673
eISBN:
9780748693870
Item type:
chapter
Publisher:
Edinburgh University Press
DOI:
10.3366/edinburgh/9780748654673.003.0008
Subject:
Political Science, International Relations and Politics

This chapter proposes a hypothetical community electricity co-operative model, as a further step towards encouraging participation among individuals in different communities. It uses Nigeria as a ... More


Transmission Market Design

William W. Hogan

in Electricity Deregulation: Choices and Challenges

Published in print:
2005
Published Online:
February 2013
ISBN:
9780226308562
eISBN:
9780226308586
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226308586.003.0010
Subject:
Economics and Finance, Econometrics

This chapter discusses how the use of the transmission grid should be priced to make the electricity market efficient. It summarizes the main developments that build on a coordinated spot market and ... More


Ensuring Generation Adequacy in Competitive Electricity Markets

Shmuel S. Oren

in Electricity Deregulation: Choices and Challenges

Published in print:
2005
Published Online:
February 2013
ISBN:
9780226308562
eISBN:
9780226308586
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226308586.003.0011
Subject:
Economics and Finance, Econometrics

This chapter examines how electricity markets should be designed to ensure that adequate generation capacity is available to meet demand. It explains that the role of capacity payments in ensuring ... More


Smart Infrastructure: Innovative Energy Technology, Climate Mitigation, and Consumer Protection in Australia and Germany

Lee Godden and Anne Kallies

in Innovation in Energy Law and Technology: Dynamic Solutions for Energy Transitions

Published in print:
2018
Published Online:
May 2018
ISBN:
9780198822080
eISBN:
9780191861161
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198822080.003.0022
Subject:
Law, Environmental and Energy Law

‘Smart infrastructure’, such as smart meters, are innovative, information-based energy technologies designed to promote systemic energy efficiency, cost savings, and to transition energy markets ... More


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