Implementing Electricity Restructuring
Electricity is one of the last U.S.industries in which competition is replacingregulation. We briefly review the technologyfor producing and delivering power, the historyof electricity policy, and recent state andinternational experience. We then outline themajor questions facing policymakers as theydecide whether, when, and how to implementrestructuring. We conclude with some thoughtson the California electricity crisis and otherpolitical controversies. Although theCalifornia experience has come to define whatit means for electricity markets to fail, mostof the problems it raised are among those weknow how to solve or prevent. The stillunresolved make-or-break issue remains whetherthe cooperation necessary to maintainreliability is compatible with the degree ofcompetition necessary to bring about greaterefficiency and lower prices. Copyright Kluwer Academic Publishers 2002
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Volume (Year): 22 (2002)
Issue (Month): 1 (June)
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References listed on IDEAS
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- Burtraw, Dallas & Palmer, Karen & Bharvirkar, Ranjit & Paul, Anthony, 2001. "Restructuring and Cost of Reducing NOx Emissions in Electricity Generation," Discussion Papers dp-01-10-rev, Resources For the Future.
- Palmer, Karen & Burtraw, Dallas, 1997.
"Electricity restructuring and regional air pollution,"
Resource and Energy Economics,
Elsevier, vol. 19(1-2), pages 139-174, March.
- Burtraw, Dallas & Palmer, Karen, 1996. "Electricity Restructuring and Regional Air Pollution," Discussion Papers dp-96-17, Resources For the Future.
- Green, Richard, 2003.
"Failing electricity markets: should we shoot the pools?,"
Elsevier, vol. 11(3), pages 155-167, September.
- Green, Richard, 2001. "Failing Electricity Markets: Should we Shoot the Pools?," CEPR Discussion Papers 3010, C.E.P.R. Discussion Papers.
- Burtraw, Dallas & Palmer, Karen & Bharvirkar, Ranjit & Paul, Anthony, 2001. "Cost-Effective Reduction of NOx Emissions from Electricity Generation," Discussion Papers dp-00-55-rev, Resources For the Future.
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