Evolution of Global Electricity Markets

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.

Autorentext
Dr. Fereidoon Sioshansi is President of Menlo Energy Economics, a consulting firm based in San Francisco with over 35 years of experience in the electric power sector working in analysis of energy markets, specializing in the policy, regulatory, technical and environmental aspects of the electric power sector in the US and internationally. His research and professional interests are concentrated in demand and price forecasting, electricity market design, competitive pricing & bidding, integrated resource planning, energy conservation and energy efficiency, economics of global climate change, sustainability, energy security, renewable energy technologies, and comparative performance of competitive electricity markets. Dr. Sioshansi advises major utility clients and government policy makers domestically and internationally on electricity market reform, restructuring and privatization of the electric power sector. He has published numerous reports, books, book chapters and papers in peer-reviewed journals on a wide range of subjects. His professional background includes working at Southern California Edison Co. (SCE), Electric Power Research Institute (EPRI), NERA, and Global Energy Decisions. He is the editor and publisher of EEnergy Informer, a monthly newsletter with international circulation. He is on the Editorial Advisory Board of The Electricity Journal where he is regularly featured in the Electricity Currents” section. Dr. Sioshansi also serves on the editorial board of Utilities Policy and is a frequent contributor to Energy Policy. Since 2006, He has edited 12 books on related topics with Elsevier.

Klappentext

This book maps out the electric industry's new paradigms, challenges and approaches, providing invaluable global perspective on this host of new and pressing issues being investigated by research institutions worldwide. Companies engaged in the power sector's extensive value chain, including utilities; generation, transmission & distribution companies; retailers; suppliers; regulators; market designers; and the investment & financial rating community will benefit from gaining a more nuanced understanding of the impacts of key market design and restructuring choices. How can problems be avoided? Why do some restructured markets appear to function better than others? Which technological implementations represent the best investments? Which regulatory mechanisms will best support these new technologies? What lessons can be learned from experiences in Norway, Australia, Texas, or the United Kingdom? These questions and many more are undertaken by the brightest minds in the industry in this one comprehensive, cutting-edge resource.

Zusammenfassung
How can problems be avoided? Why do some restructured markets appear to function better than others? Which regulatory mechanisms will best support these new technologies? What lessons can be learned from experiences in Norway, Australia, Texas, or the UK? This book deals with these questions.

Inhalt

Part I: The Evolution of European Electricity Markets

Chapter 1Evolution of British electricity market and the role of policy for the low carbon future

Chapter 2Electricity market reform in Britain: Central planning vs. free markets

Chapter 3The French paradox: Competition, nuclear rent and price regulation

Chapter 4Turnaround in rough sea: The German electricity market

Chapter 5The growing impact of renewable energy in European electricity markets

Chapter 6Renewable energy, efficient electricity networks and sector-specific market power regulation

Chapter 7From niche to mainstream: The evolution of renewable energy in the German electricity market

Chapter 8The challenges of electricity market regulation in the European Union

Part II: The evolution of electricity markets in Americas

Chapter 9The evolution of the PJM capacity market: Does it address the revenue sufficiency problem?

Chapter 10Texas electricity market: Getting better

Chapter 11From the brink of abyss to a green, clean and smart future: The evolution of California's electricity market

Chapter 12Unfinished business: The evolution of US competitive retail electricity markets

Chapter 13Fragmented markets: Canadian electricity sectors' underperformance ** Chapter 14The integration of Latin American energy markets: An outstanding dilemma

Part III: The evolution of BRICs electricity markets

Chapter 15Evolution of electricity market in Brazil

Chapter 16The Russian electricity market reform: Towards the re-regulation of the liberalized

Chapter 17Not seeing the wood for the trees? Electricity market reform in India

Chapter 18Reform postponed: The evolution of China's electricity markets

Part IV: The evolution of electricity markets in Australasia

Chapter 19Evolution of Australia's national electricity market

Chapter 20Is electricity industry reform the right answer to the wrong question? Lessons from Australian restructuring and climate policy

Chapter 21Weak regulation, rising margins, and asset revaluations: New Zealand's failing experiment in electricity reform

Chapter 22The Korean electricity market: Stuck in transition

Chapter 23After Fukushima: The evolution of Japanese electricity market

Chapter 24The Singapore electricity market: From partial to full competition Chapter 25Market design for variable generation**