International comparisons of electricity regulation
By: edited by Richard J. Gilbert, Edward P. Kahn.
Contributors: Gilbert, Richard J., 1945-; Kahn, Edward 1944-
Publisher: Cambridge University Press
Published: 1996
Place of publication: Cambridge; New York
Language: eng
Number of pages: 500
Subjects: Electric utilities -- Government policy -- Case studies.; Electric utilities -- Deregulation -- Case studies.; Electric utilities -- Government ownership -- Case studies.; Privatization -- Case studies.
Description: This book offers the most comprehensive characterization assembled to date of the historical, institutional, and economic forces affecting electricity regulation. Eminent economists organized by the University of California Energy Institute survey the United States, the United Kingdom, Scandanavia, Latin America, France, Germany, Japan, Canada, New Zealand, and Yugoslavia.

Recent experiments with privatization, competition, and restructuring in electricity are contrasted with instances where government ownership and traditional vertical integration still dominate.

The introductory essay by Richard J. Gilbert, Edward P. Kahn, and David Newbery synthesizes individual country studies. In any regulatory system, the government must bargain with investors and consumers to satisfy conflicting interests. The opacity of information about cost constrains this process. Governments also impose multiple political and economic objectives on the electricity industry, which further obscures cost conditions. Privatization and deregulation tend to reverse these effects.

Few countries, however, have managed to sustain private ownership in the long run.
Notes: Includes bibliographical references and index.