Competitive Electricity Markets: Design, Implementation, Performance
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Table of contents
- Contentsv
- Contributorsvii
- Foreword: Liberalization and Regulation in Electricity Systems – How can We get the Balance Right?xvii
- Preface: Competition and Long-Term Dimensions of Electricity Supplyxxxv
- Introduction: Electricity Market Reform – Progress and Remaining Challenges1
- PART I: Market Reform Evolution25
- 1. Reevaluation of Vertical Integration and Unbundling in Restructured Electricity Markets27
- 2. Hybrid Electricity Markets: The Problem of Explaining Different Patterns of Restructuring65
- 3. Achieving Electricity Market Integration in Europe95
- PART II: Market Performance, Monitoring and Demand Participation139
- 4. Transmission Markets, Congestion Management, and Investment141
- 5. The Design of US Wholesale Energy and Ancillary Service Auction Markets: Theory and Practice179
- 6. The Cost of Anarchy in Self-Commitment-Based Electricity Markets245
- 7. Market Power and Market Monitoring267
- 8. Demand Participation in Restructured Markets297
- PART III: Capacity, Resource Adequacy and Investment325
- 9. Resource Adequacy: Alternate Perspectives and Divergent Paths327
- 10. The Evolution of PJM’s Capacity Market363
- 11. Resource Adequacy and Ef.cient Infrastructure Investment387
- PART IV: Market Design Issues417
- 12. Promoting Electricity from Renewable Energy Sources – Lessons Learned from the EU, United Stat419
- 13. Distributed Generation and the Regulation of Electricity Networks469
- 14. Global Climate Change and the Electric Power Industry499
- 15. Reform of the Reforms in Brazil: Problems and Solutions543
- Index573
After 2 decades, policymakers and regulators agree that electricity market reform, liberalization and privatization remains partly art. Moreover, the international experience suggests that in nearly all cases, initial market reform leads to unintended consequences or introduces new risks, which must be addressed in subsequent “reform of the reforms. This volume describes the evolution of the market reform process including a number of challenging issues such as infrastructure investment, resource adequacy, capacity and demand participation, market power, distributed generation, renewable energy and global climate change.
« Sequel to Electricity Market Reform: An International Perspective in the same series published in 2006
« Contributions from renowned scholars and practitioners on significant electricity market design and implementation issues
« Covers timely topics on the evolution of electricity market liberalization worldwide
« Sequel to Electricity Market Reform: An International Perspective in the same series published in 2006
« Contributions from renowned scholars and practitioners on significant electricity market design and implementation issues
« Covers timely topics on the evolution of electricity market liberalization worldwide