Electricity Markets and Public Policy
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Alternating Currents by Timothy J. Brennan
Book DescriptionMany states within the U.S., and many countries across the world, are opening their electicity markets to competition. Many others are uncertain about their plans. These differences emphasize the complexities involved in the technology and regulatory structure of the electricity industry--an industry for which the introduction of market competition has been notoriously difficult. In response to these challenges, Alternating Currents provides a timely overview and analysis of the concerns facing industry regulators, legislators, and others as they consider whether, when, and how to open electricity markets. Authors Brennan, Palmer, and Martinez offer background on the history of regulatory policy and the technology for producing and delivering electric power. They then provide insights into the policy debates and economic issues involved in eleven important topics, including industry structure, system integrity and reliability, the mitigation of market power, and environmental protection. Alternating Currents describes the recent events leading to the demise of retail competition in California with the intent on drawing lessons for the future. In the end, the authors offer their perspective about what makes electricity a unique resource and how those factors make the potential conflict between competition and reliability the most pressing of the long-term concerns about the transformation of the electric power industry.
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Book DetailsISBN: 9781891853074
(234mm x 190mm x 13mm)
Imprint: Resources for the Future Press (RFF Press)
Publisher: Taylor & Francis Inc
Publish Date: 1-Feb-2002
Country of Publication: United States
Books By Author Timothy J. Brennan
Shock to the System, Paperback (August 1996)» View all books by Timothy J. Brennan
A guide to the decisions that are faced by electricity providers, customers, and policymakers. It provides the background necessary to understand the increasing role of competition in electricity markets. It introduces the concepts and terminology, and presents the history of public policy regarding electricity.
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Author Biography - Timothy J. Brennan
Timothy J. Brennan is a professor of policy sciences and economics at the University of Maryland, Baltimore County and a senior fellow at Resources for the Future (RFF). Karen L. Palmer is a senior fellow at RFF. Both Brennan and Palmer are coauthors of A Shock to the System: Restructuring America's Electricity Industry (1996). Salvador A. Martinez is a Ph.D. student in the Department of Economics at the University of Florida.
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