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International Comparisons of Electricity Regulation

Editor

Listed:
  • 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.), 1996. "International Comparisons of Electricity Regulation," Cambridge Books, Cambridge University Press, number 9780521495905.
  • Handle: RePEc:cup:cbooks:9780521495905
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    Cited by:

    1. Richard Green & Yacob Mulugetta & Zhong Xiang Zhang, 2014. "Sustainable energy policy," Chapters,in: Handbook of Sustainable Development, chapter 33, pages 532-550 Edward Elgar Publishing.
    2. Glachant, Jean-Michel, 1998. "England's wholesale electricity market: could this hybrid institutional arrangement be transposed to the European Union?1," Utilities Policy, Elsevier, vol. 7(2), pages 63-74, June.
    3. Chaton, Corrine & Doucet, Joseph A., 1999. "Uncertainty and Investment in Electricity Generation: the Case of Hydro-Québec," Cahiers de recherche 9914, Université Laval - Département d'économique.
    4. Doucet, Joseph A. & Heyes, Anthony G., 1997. "Restructuring of Ontario's electricity supply system: an analysis of the proposals," Utilities Policy, Elsevier, vol. 6(4), pages 271-281, December.
    5. Kumkar, Lars, 1996. "Die Stromversorger in den Startlöchern zum Strom-Binnenmarkt: Eine Bestandsaufnahme der nationalen Markstrukturen," Kiel Working Papers 780, Kiel Institute for the World Economy (IfW).
    6. Garrués-Irurzun, Josean, 2010. "Market power versus regulatory power in the Spanish electricity system, 1973-1996," Renewable and Sustainable Energy Reviews, Elsevier, vol. 14(2), pages 655-666, February.
    7. Hadi Salehi Esfahani & Ali Toossi Ardakani, 2002. "What Determines the Extent of Public Ownership," Working Papers 0205, Economic Research Forum, revised 07 Feb 2002.
    8. William J. Hausman & John L. Neufeld, 2011. "How politics, economics, and institutions shaped electric utility regulation in the United States: 1879--2009," Business History, Taylor & Francis Journals, vol. 53(5), pages 723-746, August.

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