Evolution of Global Electricity Markets
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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.