From Regulation to Competition: New frontiers in electricity markets
Electric utilities throughout the world continue to face new challenges involving ownership, market structure, and regulation. There are three related issues at hand. First, should ownership be private or public? Second, what operations should be integrat
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From Regulation to Competition: New frontiers in electricity markets
edited by Michael A. Einhorn U. S. Department of Justice
Springer-Science+Business Media, B.V.
Library of Congress Cataloging-in-Publication Data From regulation to competition: new frontiers in electricity markets I edited by Michael A. Einhorn. p. crn. Includes bibliographical references and index. ISBN 978-94-010-4598-8 ISBN 978-94-011-1368-7 (eBook) DOI 10.1007/978-94-011-1368-7 1. Electric utilities-Government policy-Great Britain. 2. Electric utilities-Government policy-United States. 3. Privatization. 1. Einhorn, Michael A. HD9685.G72F74 1994 333.79'32'0941-dc20 94-9265 CIP Copyright © 1994 Springer Science+Business Media Dordrecht Originally published by Kluwer Academic Publishers in 1994 Softcover reprint of the hardcover 1st edition 1994
AII rights reserved. No pari of this publicatian may be reproduced, stared in a retrieval system ar transmitted in any farm ar by any means, mechanical, phota-capying, recarding, ar atherwise, without the prior written permission of the publisher, Springer Science+Business Media, LLC.
Printed an acid-free paper.
Dedication
To my two sons, Samuel and Benjamin, and their mother, Jan.
Contents
Contributing Authors
ix
1 Introduction Michael A. Einhorn
2 Competitive Electricity Markets: The Theory and Its Application Larry E. Ruff
11
3 The British Electricity Experiment John Vickers and George Yarrow
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4
Britain's Unregulated Electricity Pool Richard Green
5 Transmission Pricing in England and Wales Sally Hunt and Graham Shuttleworth
6 Regulation of Regional Electric Companies in the British Electricity Experiment Michael A. Einhorn 7 Competition, Monopoly, and Regulation in the Electricity Industry Stephen Littlechild
73
97
113
125
vii
viii
CONTENTS
8
Practical Considerations in Restructuring of Electricity Supply Industries James Barker, Jr., William H. Dunn, Jr., and Mk P. Shean 9 Contract Networks for Electric Power Transmission William W. Hogan
10 A Conceptual Regulatory Framework of Transmission Access in Multiutility Electric Power Systems Ignacio J. Perez-Arriaga 11 Competitive Joint Ventures and Electricity Transmission Susan P. Braman 12 Regional Transmission Groups: How Should They Be Structured and What Should They Do? Edward Kahn
13 Profit-Sharing Regulation of Electrical Transmission and Distribution Companies Ingo Vogelsang
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Author Index
277
Subject Index
280
Contributing Authors
BARKER, James V., Jr., Vice President and Executive Consultant, Management Consulting Services, ECC, Inc., Fairfax, Virginia USA BRAMAN, Susan P., Economist, Bureau of Economics, Federal Trade Commission, Washington, D.C., USA DUNN, William H., Jr., Principal Consultant, Management Consulting Services, ECC, Inc., Fairfax, Virginia, USA EINHORN, Michael A., Economist, Antitrust Division, U.S. Department of Justice, Washington, D.C., USA GREEN, Richard J., Junior Research Officer, Department of Applied Economics, Fitzwilliam College, Cambridge, Engla
