Get the latest on rapidly evolving global electricity markets direct from the scholars andthought leaders who are shaping reform. In this volume, dozens of world-class expertsfrom diverse regions provide a comprehensive assessment of the relevant issues intoday's electricity markets.
Amid a seething backdrop of rising energy prices, concerns about environmentaldegradation, and the introduction of distributed sources and smart grids, increasinglystringent demands are being placed on the electric power sector to provide a morereliable, efficient delivery infrastructure, and more rational, cost-reflective prices. Thisbook maps out the electric industry's new paradigms, challenges and approaches,providing invaluable global perspective on this host of new and pressing issues beinginvestigated by research institutions worldwide. Companies engaged in the powersector's extensive value chain including utilities, generation, transmission & distributioncompanies, retailers, suppliers, regulators, market designers, and the investment &financial rating community will benefit from gaining a more nuanced understanding ofthe impacts of key market design and restructuring choices. How can problems beavoided? Why do some restructured markets appear to function better than others?Which technological implementations represent the best investments? Whichregulatory mechanisms will best support these new technologies? What lessons canbe learned from experiences in Norway, Australia, Texas, or the U.K.? Thesequestions and many more are undertaken by the brightest minds in the industry in thisone comprehensive, cutting-edge resource.
Table of Contents
Part I: The Evolution of European Electricity Markets
Chapter 1: Evolution of British electricity market and the role of policy for the low carbon future
Chapter 2: Electricity market reform in Britain: Central planning vs. free markets
Chapter 3: The French paradox: Competition, nuclear rent and price regulation
Chapter 4: Turnaround in rough sea: The German electricity market
Chapter 5: The growing impact of renewable energy in European electricity markets
Chapter 6: Renewable energy, efficient electricity networks and sector-specific market power regulation
Chapter 7: From niche to mainstream: The evolution of renewable energy in the German electricity market
Chapter 8: The challenges of electricity market regulation in the European Union
Part II: The evolution of electricity markets in Americas
Chapter 9: The evolution of the PJM capacity market: Does it address the revenue sufficiency problem?
Chapter 10: Texas electricity market: Getting better
Chapter 11: From the brink of abyss to a green, clean and smart future: The evolution of California's electricity market
Chapter 12: Unfinished business: The evolution of US competitive retail electricity markets
Chapter 13: Fragmented markets: Canadian electricity sectors' underperformance
Chapter 14: The integration of Latin American energy markets: An outstanding dilemma
Part III: The evolution of BRICs electricity markets
Chapter 15: Evolution of electricity market in Brazil
Chapter 16: The Russian electricity market reform: Towards the re-regulation of the liberalized
Chapter 17: Not seeing the wood for the trees? Electricity market reform in India
Chapter 18: Reform postponed: The evolution of China's electricity markets
Part IV: The evolution of electricity markets in Australasia
Chapter 19: Evolution of Australia's national electricity market
Chapter 20: Is electricity industry reform the right answer to the wrong question? Lessons from Australian restructuring and climate policy
Chapter 21: Weak regulation, rising margins, and asset revaluations: New Zealand's failing experiment in electricity reform
Chapter 22: The Korean electricity market: Stuck in transition
Chapter 23: After Fukushima: The evolution of Japanese electricity market
Chapter 24: The Singapore electricity market: From partial to full competition
Chapter 25: Market design for variable generation
