Security of Supply in Electricity Markets [electronic resource]: Evidence and Policy Issues /
Ocaña, Carlos.
International Energy Agency.
Organisation for Economic Co operation and DevelopmentContent Provider
International Energy AgencyContent Provider
Organisation for Economic Co-operation and DevelopmentContent Provider
Hariton, Aurélie.
Paris : OECD Publishing,
2002.
This book analyses the impact of electricity market reform on investment in the power industry. It considers the implications of more open and competitive markets for the security of electricity supply. Some of electricity's uses are essential components of modern life. Security of electricity supply is an important policy objective in virtually all modern economies because of the limited possibilities for replacing electricity by other forms of energy. Adequate investment is the basic prerequisite for a secure supply of electricity. Despite the highly-publicized problems experienced in California, the international picture is reassuring. Large investment has taken place and OECD electricity markets are generally reliable. There are, however, major investment needs in some areas, particularly in the development of infrastructures for transmission, which remains for the most part a regulated activity. Through policies and regulations, governments continue to play a key role in determining investment and security standards in a liberalised market. Energy policies on fuel use, authorisation processes, regulatory risk, capacity mechanisms and price caps, among other instruments, play a large role in promoting adequate investment or hindering it.
Description based upon print version of record.
CONTENTS; 1 INTRODUCTION; 2 BACKGROUND: ISSUES, TRENDS AND POLICIES; Investment Decisions: a Primer; Problems in the Investment Performanceof Electricity Markets; Policy Tools: Capacity Mechanisms and Price Caps; Trends in IEA Countries; 3 GENERATION; Investment, Reserves and Fuel Mix in Liberalised Markets; Role of Prices and Market Structure; Impact of Policies and Regulations on Investment; Role of Governments; A Look Forward; 4 TRANSMISSION; Introduction; Current Investment Needs; Options to Relieve Transmission Congestion; Cross-border Interconnections
Long-term Issues in Transmission Investment:Planning, Development and Ownership5 CASE STUDIES; The United Kingdom; Norway and Sweden; Australia; California; The Pennsylvania-New Jersey-Maryland Power Pool; REFERENCES; STATISTICAL AND LEGALREFERENCES
This book analyses the impact of electricity market reform on investment in the power industry. It considers the implications of more open and competitive markets for the security of electricity supply. Some of electricity's uses are essential components of modern life. Security of electricity supply is an important policy objective in virtually all modern economies because of the limited possibilities for replacing electricity by other forms of energy. Adequate investment is the basic prerequisite for a secure supply of electricity. Despite the highly-publicized problems experienced in California, the international picture is reassuring. Large investment has taken place and OECD electricity markets are generally reliable. There are, however, major investment needs in some areas, particularly in the development of infrastructures for transmission, which remains for the most part a regulated activity. Through policies and regulations, governments continue to play a key role in determining investment and security standards in a liberalised market. Energy policies on fuel use, authorisation processes, regulatory risk, capacity mechanisms and price caps, among other instruments, play a large role in promoting adequate investment or hindering it.
Electric power -- Economic aspects.
Electric power distribution.
Electric utilities -- Management.
Energy policy.
Electric power
Electric power distribution
Electric utilities
Energy policy
Industries
Business & Economics
Energy Market Reform