” for PowerUK readers, the book should be indispensable provides a useful introduction to the problems that have dogged the US so enabling UK readers to put parochial energy matters in a global context ” (PowerUK, October 2002)
IT will undoubtedly become recommended, if not required, reading for students, researchers, regulators, and the industry alike (The Journal of Energy Literature, Vol.V111, No.2, 2002
” for PowerUK readers, the book should be indispensable provides a useful introduction to the problems that have dogged the US so enabling UK readers to put parochial energy matters in a global context “(PowerUK, October 2002)
IT will undoubtedly become recommended, if not required, reading for students, researchers, regulators, and the industry alike (The Journal of Energy Literature, Vol.V111, No.2, 2002
The electricity industry has become one of the most complex industries around, for reasons ranging from technology to politics. The ultimate goal is to create an efficient and reliable market both for consumers and for the industry. The question is: how to go about doing this? In Making Competition Work in Electricity, power expert Sally Hunt recommends solutions to this unique problem.
Making Competition Work in Electricity is divided into two comprehensive parts. With a focus on the “standard prescription” that has been established over the past decade as competition has been introduced into many foreign countries and areas of the United States Part One of this valuable resource sets out and explains what needs to be accomplished for competition to work in any country. You’ll come to understand:
- The functions and traditional organization of the electricity industry
- The key technical factors that make it different from other industries
- The essential concepts of the electricity market and marketplaces
- What is needed for a competitive electricity market to thrive and mature
- Various types of trading arrangements wheeling, integrated, decentralized
- The need for demand response in both wholesale and retail markets
- The need for restructuring of companies to enhance competition
- Why retail access should be the last step, not the first, to stimulate competition
Part Two of Making Competition Work in Electricity focuses on the United States and what needs to be done to apply the “standard prescription” to the complicated setup that currently exists. A full description of the structural and legislative changes since 1992, the state initiatives on retail access, and the new players will give you the most comprehensive overview to date of the electricity industry within the United States, why it is at an impasse, and what has to be done to resolve the problem.
Filled with expert advice and practical solutions, Making Competition Work in Electricity lays out a feasible plan for a restructured electricity industry and explores how to go about achieving this goal. Even with a specific focus on the electricity industry of the United States, this unique guide provides sensible solutions to a dilemma faced throughout the world.
From the Back Cover
in praise of making competition work in electricity
“Here is the book I’ve been looking for to guide me through the devilishly complicated experience of electric industry deregulation “
From the Foreword by Alfred E. Kahn
“A thoughtful and comprehensive analysis of the issues associated with creating competitive electricity markets that work well. The book provides a clear road map for steps that the U.S. must take to make electricity industry competition initiatives a success. An essential guide for policymakers.”
Paul L. Joskow
Elizabeth and James Killian Professor of Economics
Massachusetts Institute of Technology
“Grounded in solid theory and buttressed by extensive practical experience, Hunt’s analysis brings welcome clarity to the sometimes surreal discussion of electricity restructuring. Ignore it at your peril.”
William W. Hogan
Lucius N. Littauer Professor of Public Policy and Administration John F. Kennedy School of Government, Harvard University
About the Author
SALLY HUNT was head of the energy practice at NERA, an international consulting firm, and coauthored Competition and Choice in Electricity (Wiley). She has advised governments around the world on competition in the electricity industry, and has worked closely with many electric companies on implementation.
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