Deregulation of Electric Utilities (Topics in Regulatory Economics and Policy, 28)

__Deregulation of Electric Utilities__ reviews the main issues relating to the changing environment in the utility industry. Topics covered in depth include compensation for stranded costs, efficiency gains, institutional design, pricing, economics of scale, and network externalities. In addition, this book assesses early experiences in electricity deregulation in continental Europe, New Zealand, North America, and the United Kingdom. Front Matter....Pages i-xix IPPS Get Vammoed in Texas....Pages 1-23 Competition and Direct Access in New Zealand’S Electricity Market....Pages 25-46 Competition and Access in Electricity Markets: ECPR, Global Price Cap, and Auctions....Pages 47-74 Periodic Regulatory Review in UK Electricity Markets; Developments within a Deregulated System....Pages 75-99 Challenges for Effective Competition in Large-Hydro Dominated Markets: The Case of Québec....Pages 101-117 Hydroelectricity and the State in Quebec and Ontario: Two Different Historical Paths....Pages 119-147 Restructuring and Competitive Arrangements in the Electricity Supply Industry Towards a Better Efficiency?....Pages 149-178 Electricity Deregulation in England and Wales....Pages 179-202 Improving the Performance of Electricity Industries in Developing Countries: is World Bank Policy on Deregulation the Way Forward?....Pages 203-227 Demand-Side Management Expenditures and the Market Value of U.S. Electric Utilities: Strategic Investment or Disinvestment?....Pages 229-258 Introducing Competition to the Electricity Industry in Spain: the Role of Initial Conditions....Pages 259-273 Peak Load Problem, Deregulation and Reliability Pricing....Pages 275-296 An Integrated Energy and Reserve Market for New Zealand....Pages 297-319 Transmission Contracts may also Hinder Detrimental Network Investments in Oligopolistic Electricity Markets....Pages 321-342