Description: 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.Brief description: James M. Griffin is the Bob Bullock Chair in Public Policy and Economics at the George 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.
Review Quotes:
"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."--R. Richard Geddes, Cornell University
--R. Richard Geddes "R. Richard Geddes" (4/26/2005 12:00:00 AM)