Competitive Electricity Markets: Design, Implementation, Performance

After 2 decades, policymakers and regulators agree that electricity market reform, liberalization and privatization remains partly art. Moreover, the international experience suggests that in nearly all cases, initial market reform leads to unintended consequences or introduces new risks, which must be addressed in subsequent “reform of the reforms.” Competitive Electricity Markets describes the evolution of the market reform process including a number of challenging issues such as infrastructure investment, resource adequacy, capacity and demand participation, market power, distributed generation, renewable energy and global climate change.

Sequel to Electricity Market Reform: An International Perspective in the same series published in 2006Contributions from renowned scholars and practitioners on significant electricity market design and implementation issuesCovers timely topics on the evolution of electricity market liberalization worldwide

Foreword, M. Pollitt
Preface, W. Pfaffenberger
Electricity market reform: Progress and remaining challenges, F.P. Sioshansi
1. Reevaluation of vertical integration and unbundling, H. Chao et al.
2. Hybrid electricity markets and different patterns of restructuring, A.F. Correlje and L. De Vries
3. Achieving electricity market integration in Europe, N. Cornwall
4. Transmission markets, congestion management & investment, H. Singh
5. The design of U.S. wholesale energy and ancillary service auction markets: Theory and practice, R. O’Neill et al.
6. The cost of anarchy in self-commitment based electricity markets, R. Sioshansi et al.
7. Market power & market monitoring, P. Adib
8. Demand participation in restructured markets, J. Zarnikau
9. Resource adequacy: Alternate perspectives and divergent paths, P. Adib et al.
10. The evolution of PJM’s capacity market, J.E. Bowring
11. Resource adequacy & efficient infrastructure investment: Evidence from Australia’s National Electricity Market, A.Moran & B.S. Skinner
12. Promoting renewable energy: Lessons learned from 20 years of experimentation, R. Haas et al.
13. Distributed generation and the regulation of electricity networks, D. Bauknecht and G. Brunekreeft
14. Global climate change and the electric power industry, A. Ford
15. Reform of the reforms in Brazil: Problems and solutions, J. De Araujo et al.