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Evolution of Global Electricity Markets
New paradigms, new challenges, new approaches
Understanding complex electricity markets requires an international, up-to-date perspective. Stay current with the latest insights on market designs and reforms from experts around the globe.
Fereidoon Sioshansi (Author)
9780123978912, Elsevier Science
Hardback, published 31 July 2013
880 pages, 50 illustrations
22.9 x 15.1 x 4.3 cm, 1.51 kg
"…meant as an update of the 2006 volume…partly to take account of the passage of time and partly to cover new issues and priorities… the best way to view this book is as a collection of self-contained essays, each of which has something to teach us…" --Economics of Energy and Environmental Policy, February 2014 "It has been compiled in order to take stock of the numerous changes in international electricity markets since 2006, notably the considerable decline in enthusiasm for market-oriented reforms stemming from the poor performance of various reform projects and the 2000/2001 electricity crisis in California, as well as emergent issues related to low-carbon energy, renewable energy, energy efficiency, distributed generation, and demand participation." --Reference & Research Book News, October 2013 "What is clear is the new and existing issues impacting how electricity market develop still have some way to play out––and that is before the next set of issues come along. In that context this collection provides valuable insights into the issues policy makers, regulators and market participants are currently grappling with." --Energy Spectrum, September 30, 2013
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.
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
Subject Areas: Energy technology & engineering [TH], Technology, engineering, agriculture [T], Electrical power industries [KNBL], International economics [KCL]
