Electricity Market Reform [electronic resource]: An IEA Handbook /
Varley, Caroline.
International Energy Agency.
International Energy AgencyContent Provider
Organisation for Economic Co operation and DevelopmentContent Provider
Lammers, Gudrun.
Paris : OECD Publishing,
2000.
This booklet gives an introduction to the issues raised by regulatory reform of the electricity sector. The sector is undergoing change worldwide. A key objective of reform is to improve efficiency in order to reduce prices for electricity consumers. More competitive power markets are required to achieve this objective, but security of supply must also be sustained in the new conditions, and environmental objectives are of growing importance. Ultimately, choices must be made by end-users themselves and not by others on their behalf. Hence, the structure of the industry needs to change to promote end-user choice, as do the regulatory institutions and rules that set the framework. The contents of this volume were first published as part of an OECD book on regulatory reform in a variety of sectors. This updated version of the study is one in a series of short publications by the IEA on energy market reforms.
1. Introduction -- 2. Overview of the Sector -- General Economic Characteristics -- Economic Importance and Security of Supply -- Electricity and the Environment -- A Brief History -- Current Situation -- 3. Regulatory Reform: Key Issues -- -Policy Objectives -- Industry Structure -- Ownership -- Models of Competition -- Related Financial Markets -- Regulatory Structure -- Pricing: The Transmission Grid -- Pricing: End Users -- Subsidies and Cross-Subsidies -- General Competition Law, Competitive Neutrality, State Aids -- Security of Supply -- Environment -- Other Policy Objectives -- 4. Regulatory Reform: Transition Issues -- -Stranded Costs -- Social Costs -- Sequencing of Reforms -- Evolution of Regulatory Reform -- 5. Regulatory Reform:What Does It Deliver? -- -Industry Performance -- Consumer Benefits -- 6. Conclusions and Recommendations -- Bibliography
Bibliographic Level Mode of Issuance: Monograph
This booklet gives an introduction to the issues raised by regulatory reform of the electricity sector. The sector is undergoing change worldwide. A key objective of reform is to improve efficiency in order to reduce prices for electricity consumers. More competitive power markets are required to achieve this objective, but security of supply must also be sustained in the new conditions, and environmental objectives are of growing importance. Ultimately, choices must be made by end-users themselves and not by others on their behalf. Hence, the structure of the industry needs to change to promote end-user choice, as do the regulatory institutions and rules that set the framework. The contents of this volume were first published as part of an OECD book on regulatory reform in a variety of sectors. This updated version of the study is one in a series of short publications by the IEA on energy market reforms.
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Energy Market Reform