IDEAS home Printed from https://ideas.repec.org/a/bla/revpol/v20y2003i2p219-238.html
   My bibliography  Save this article

Electricity Deregulation: Kilowatts for Nothing and Your BTUs for Free

Author

Listed:
  • STEVEN N. ISSER

Abstract

Historically, the electric power industry has been viewed as a natural monopoly that could best be managed through governmental regulation. This article traces the evolution of deregulation in the electric power industry and the intellectual, political, and economic trends and forces that modified this traditional view. It concludes that, despite policy change, retail competition of electricity remains a difficult concept to implement in part because electricity is basically a commodity. Customers must be provided with sufficient incentives to shop between electricity providers and there must be supply incentives for more efficient production. Competition also requires technological advances such as affordable "smart" meters that make it possible for customers to specify tradeoffs between price and consumption, even to the extent of programming apliances to turn on or off in response to price signals. Mature wholesale markets and open access to transmission and distribution are also neede. Copyright 2003 by The Policy Studies Organization.

Suggested Citation

  • Steven N. Isser, 2003. "Electricity Deregulation: Kilowatts for Nothing and Your BTUs for Free," Review of Policy Research, Policy Studies Organization, vol. 20(2), pages 219-238, June.
  • Handle: RePEc:bla:revpol:v:20:y:2003:i:2:p:219-238
    as

    Download full text from publisher

    File URL: http://www.blackwell-synergy.com/links/doi/10.1111/j.1541-1338.2003.tb00565.x/enhancedabs
    File Function: link to full text
    Download Restriction: Access to full text is restricted to subscribers.

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Högselius, Per & Kaijser, Arne, 2010. "The politics of electricity deregulation in Sweden: the art of acting on multiple arenas," Energy Policy, Elsevier, vol. 38(5), pages 2245-2254, May.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:revpol:v:20:y:2003:i:2:p:219-238. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Wiley-Blackwell Digital Licensing) or (Christopher F. Baum). General contact details of provider: http://edirc.repec.org/data/ipsonea.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.