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Managing Demand-Side Economic and Political Constraints on Electricity Industry Re-structuring Processes

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  • Frank A. Wolak

Abstract

This paper identifies the major political and economic constraints that impact the demand-side of electricity industry re-structuring processes. It then describes how these constraints have been addressed and how this has harmed market efficiency and system reliability. Finally, the paper proposes demand-side regulatory interventions to manage these constraints in a manner that limits the harm to wholesale market efficiency.

Suggested Citation

  • Frank A. Wolak, 2011. "Managing Demand-Side Economic and Political Constraints on Electricity Industry Re-structuring Processes," RSCAS Working Papers 2011/61, European University Institute.
    • Handle: RePEc:rsc:rsceui:2011/61
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    References listed on IDEAS

    as
    1. Frank Wolak, 2000. "An Empirical Analysis of the Impact of Hedge Contracts on Bidding Behavior in a Competitive Electricity Market," International Economic Journal, Taylor & Francis Journals, vol. 14(2), pages 1-39.
    2. Wolak, Frank A., 2003. "Diagnosing the California Electricity Crisis," The Electricity Journal, Elsevier, vol. 16(7), pages 11-37.
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