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International Comparisons of Electricity Regulation

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  • Gilbert,Richard J.
  • Kahn,Edward P.

Abstract

This book offers a most comprehensive characterization of the historical, institutional and economic forces affecting electricity regulation. Eminent economists organized by the University of California Energy Institute survey the USA, UK, Scandinavia, Latin America, France, Germany, Japan, Canada, New Zealand and Yugoslavia. Recent experiments with privatization, competition and restructuring in electricity are contrasted with instances where government ownership and traditional vertical integration still dominate. The introductory essay by Richard J. Gilbert, Edward P. Kahn and David Newbery synthesizes individual country studies. In any regulatory system, the government must bargain with investors and consumers to satisfy conflicting interests. The opacity of information about cost constrains this process. Governments also impose multiple political and economic objectives on the electricity industry, which further obscures cost conditions. Privatization and deregulation tend to reverse these effects. Few countries, however, have managed to sustain private ownership in the long run.

Suggested Citation

  • Gilbert,Richard J. & Kahn,Edward P. (ed.), 2007. "International Comparisons of Electricity Regulation," Cambridge Books, Cambridge University Press, number 9780521030779.
  • Handle: RePEc:cup:cbooks:9780521030779
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    Cited by:

    1. Bacchiocchi, Emanuele & Florio, Massimo & Taveggia, Giulia, 2015. "Asymmetric effects of electricity regulatory reforms in the EU15 and in the New Member States: Empirical evidence from residential prices 1990–2011," Utilities Policy, Elsevier, vol. 35(C), pages 72-90.
    2. John Rennie Short, 2016. "A perfect storm: climate change, the power grid, and regulatory regime change after network failure," Environment and Planning C, , vol. 34(2), pages 244-261, March.

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