Overview
Get the latest on rapidly evolving global electricity markets from the scholars and thought leaders shaping reform. In this volume, world-class experts provide a comprehensive assessment of the relevant issues in today's electricity markets. Amid a backdrop of rising energy prices, concerns about environmental degradation, and the introduction of distributed sources and smart grids, increasingly stringent demands for more reliable, efficient delivery infrastructure and more rational, cost-reflective prices are being placed on the electric power sector. This book discusses the electric industry's new paradigms, challenges, and approaches, providing an invaluable global perspective. Companies engaged in the power sector's extensive value chain including utilities, generation, transmission and distribution companies, retailers, suppliers, regulators, market designers, and the investment and financial rating community will benefit from a more nuanced understanding of the impact of key market design and restructuring choices. How can problems be avoided? Why do some restructured markets appear to function better than others? Which technologies are the best investments? Which regulatory mechanisms best support new technologies? What lessons can be learned from Norway, Australia, Texas, and the U.K.? These questions and many more are undertaken by the brightest minds in the industry in this comprehensive, cutting-edge resource.
