Electricity Deregulation

Choices and Challenges

James M. Griffin, Steven L. Puller

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English

University of Chicago Press
15 August 2005

Business competition; Privatisation; Electrical power industries

Series: Bush School Series in the Economics of Public Policy

The electricity market has experienced enormous setbacks in delivering on the promise of deregulation. In theory, deregulating the electricity market would increase the efficiency of the industry by producing electricity at lower costs and passing those cost savings on to customers. As Electricity Deregulation shows, successful deregulation is possible, although it is by no means a hands-off process—in fact, it requires a substantial amount of design and regulatory oversight.

This collection brings together leading experts from academia, government, and big business to discuss the lessons learned from experiences such as California's market meltdown as well as the ill-conceived policy choices that contributed to those failures. More importantly, the essays that comprise Electricity Deregulation offer a number of innovative prescriptions for the successful design of deregulated electricity markets. Written with economists and professionals associated with each of the network industries in mind, this comprehensive volume provides a timely and astute deliberation on the many risks and rewards of electricity deregulation.

Edited by: James M. Griffin, Steven L. Puller
Imprint: University of Chicago Press
Country of Publication: United States
Edition: 2nd ed.
Dimensions: Height: 23mm, Width: 16mm, Spine: 6mm
Weight: 822g
ISBN: 9780226308562
ISBN 10: 0226308561
Series: Bush School Series in the Economics of Public Policy
Pages: 416
Publication Date: 15 August 2005
Audience: Professional and scholarly , Undergraduate
Format: Hardback
Publisher's Status: Active

James M. Griffin is the Bob Bullock Chair in Public Policy and Finance at the Bush School of Government and Public Service at Texas A&M University. His books include Energy, Economics, and Policy and OPEC Behavior and World Oil Prices. Steven L. Puller is assistant professor of economics at Texas A&M University.

Reviews for Electricity Deregulation: Choices and Challenges

In Electricity Deregulation contributors examine what's gone wrong with electricity deregulation in the United States and why it has stalled. Not content to simply offer a rehashing of the many mistakes made, the essays in this volume go further than other literature on the topic to propose several policy and technological correctives for moving industry restructuring forward. The high quality of the contributors assembled here and the thoughtfulness of their papers make this a novel and important volume. --;br> <br> <br>--R. Richard Geddes R. Richard Geddes (04/26/2005)