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Full Description
Get the latest on rapidly evolving global electricity markets direct from the scholars and thought leaders who are shaping reform. In this volume, dozens of world-class experts from diverse regions provide a comprehensive assessment of the relevant issues in today's electricity markets.Amid a seething backdrop of rising energy prices, concerns about environmental degradation, and the introduction of distributed sources and smart grids, increasingly stringent demands are being placed on the electric power sector to provide a more reliable, efficient delivery infrastructure, and more rational, cost-reflective prices. 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 U.K.? These questions and many more are undertaken by the brightest minds in the industry in this one comprehensive, cutting-edge resource.
Contents
Part IChapter 1 Evolution of British electricity market and the role of policy for the low carbon futureChapter 2 Electricity market reform in Britain: Central planning vs. free marketsChapter 3 The French paradox: Competition, nuclear rent and price regulationChapter 4 Turnaround in rough sea: The German electricity marketChapter 5 The growing impact of renewable energy in European electricity marketsChapter 6 Renewable energy, efficient electricity networks and sector-specific market power regulationChapter 7 From niche to mainstream: The evolution of renewable energy in the German electricity marketChapter 8 The challenges of electricity market regulation in the European UnionPart II: The evolution of electricity markets in AmericasChapter 9 The evolution of the PJM capacity market: Does it address the revenue sufficiency problem?Chapter 10 Texas electricity market: Getting betterChapter 11 From the brink of abyss to a green, clean and smart future: The evolution of California's electricity marketChapter 12 Unfinished business: The evolution of US competitive retail electricity marketsChapter 13 Fragmented markets: Canadian electricity sectors' underperformanceChapter 14 The integration of Latin American energy markets: An outstanding dilemmaPart III: The evolution of BRICs electricity markets Chapter 15 Evolution of electricity market in BrazilChapter 16 The Russian electricity market reform: Towards the re-regulation of the liberalized Chapter 17 Not seeing the wood for the trees? Electricity market reform in India Chapter 18 Reform postponed: The evolution of China's electricity marketsPart IV: The evolution of electricity markets in AustralasiaChapter 19 Evolution of Australia's national electricity marketChapter 20 Is electricity industry reform the right answer to the wrong question? Lessons from Australian restructuring and climate policyChapter 21 Weak regulation, rising margins, and asset revaluations: New Zealand's failing experiment in electricity reformChapter 22 The Korean electricity market: Stuck in transitionChapter 23 After Fukushima: The evolution of Japanese electricity marketChapter 24 The Singapore electricity market: From partial to full competition Chapter 25 Market design for variable generation
