Competition in electricity markets
OECD/IEA, 2001 - Business & Economics - 160 pages
Most OECD countries, and many countries outside the OECD, are now deeply engaged in a reform of their electricity markets to stimulate competition and improve efficiency. This book considers the key elements of effective reform based on a review of experiences to date. A converging trend emerges, that emphasizes competition in the generation, supply, and trade of electricity, aimed at maximizing consumer choice. It also highlights the development of new approaches to regulation of the transmission system, which remains monopolistic.This book is an invaluable guide and reference for energy policymakers. It examines the many issues and functions that define a modern, liberalized electricity supply industry, and the challenges posed by regulatory reform. It is the latest in a series of IEA publications on energy market reforms.
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What are the Benefits of Reform?
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activities addition allowed approach Australia benefits bids buyers California Energy Institute capacity payments competition authorities congestion constraints consumer choice demand discrimination dispatch distort divestiture economic efficiency electricity prices electricity regulation electricity trade Electricity Trading Arrangements emissions end user supply end-user supply England and Wales ensure environmental financial contracts Finland forward contract grid impact implementation incentive regulation increase Independent System Operators industry instance investment issue liberalisation load profiling long-term market players market power metering monopoly National Electricity Market natural monopoly nodal pricing NordPool OECD option organised ownership separation Postage Stamp power exchange price cap privatisation reduce regulated company reliability requires restructuring result retail competition revenue scheduled security of supply significant stranded costs sunk costs supplier Sweden system operator tariffs technologies third party access transactions transmission assets transmission pricing Transmission System unbundling utilities vertically integrated wholesale market Zealand Zonal