Electricity Deregulation, Vertical Integration and the Importance of Independent Electricity Retailers - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Electricity Deregulation, Vertical Integration and the Importance of Independent Electricity Retailers write by Donald John Burtt. This book was released on 2009. Electricity Deregulation, Vertical Integration and the Importance of Independent Electricity Retailers available in PDF, EPUB and Kindle.
Electricity Deregulation and Vertical Integration
Electricity Deregulation and Vertical Integration - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Electricity Deregulation and Vertical Integration write by Donald Burtt. This book was released on 2010-06. Electricity Deregulation and Vertical Integration available in PDF, EPUB and Kindle. This work examines the progression of generators and retailers, following electricity deregulation, to vertically integrate (VI) to determine whether all participants might benefit, or because generators are provided with increased market power, electricity consumers in particular could be worse off. The drivers of generators and retailers to vertically integrate are examined, with the lessons learnt applied to the Queensland electricity market. A literature review was first undertaken, with particular reference to the writings of Oliver Williamson. The Queensland analysis concluded that the maximum benefits that consumers could expect from VI was $138 million p.a. with current meter technology and strong retail competition, increasing to $156 million p.a. if meter technology improved. Total possible VI benefits were estimated at $321 million p.a., so consumers could expect to receive no more than 50% of total VI benefits. That is in a strongly competitive retail market, consumers could expect to receive, at the most, 50% of VI benefits, whereas in a weakly competitive retail market, consumers could be worse off.
Electricity Deregulation
Electricity Deregulation - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Electricity Deregulation write by James M. Griffin. This book was released on 2009-11-15. Electricity Deregulation available in PDF, EPUB and Kindle. The electricity market has experienced enormous setbacks in delivering on the promise of deregulation. In theory, deregulating the electricity market would increase the efficiency of the industry by producing electricity at lower costs and passing those cost savings on to customers. As Electricity Deregulation shows, successful deregulation is possible, although it is by no means a hands-off process—in fact, it requires a substantial amount of design and regulatory oversight. This collection brings together leading experts from academia, government, and big business to discuss the lessons learned from experiences such as California's market meltdown as well as the ill-conceived policy choices that contributed to those failures. More importantly, the essays that comprise Electricity Deregulation offer a number of innovative prescriptions for the successful design of deregulated electricity markets. Written with economists and professionals associated with each of the network industries in mind, this comprehensive volume provides a timely and astute deliberation on the many risks and rewards of electricity deregulation.
Vertical Integration and Market Power in Electricity Markets
Vertical Integration and Market Power in Electricity Markets - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Vertical Integration and Market Power in Electricity Markets write by Seamus Hogan. This book was released on 2019. Vertical Integration and Market Power in Electricity Markets available in PDF, EPUB and Kindle. Vertical separation of generation from electricity retailing has often been required as a condition of electricity market liberalisation. A well-developed and liquid contracts market is similarly suggested as necessary to manage the resulting wholesale market risks, which risks are further exacerbated by competition. Such contracts markets are rare, however, and increasingly evidence is emerging that vertical integration is associated not just with improved wholesale market risk management, but also reduced wholesale market power. This paper develops a theoretical model showing that non-vertically integrated generators will over-report their inverse supply curves, with the incentive to over-report increasing with the firm's share of generating capacity. Conversely, in a vertically integrated industry, no over-reporting occurs when integrated firms have balanced shares in wholesale and retail markets. In general, firms whose share of generating capacity is higher (lower) than their retail market share will over-report (under-report) their inverse supply functions. Integration is found to affect retail electricity prices only via its effect on retail marginal costs. We find that retail prices are higher with vertical separation than with either balanced integration, or full integration without a wholesale market. These results suggest a re-evaluation of the importance of generator wholesale market power in vertically integrated electricity industries, and of measures to improve retail market competitiveness under either vertical integration or separation.
Electricity Pricing in Transition
Electricity Pricing in Transition - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Electricity Pricing in Transition write by Ahmad Faruqui. This book was released on 2012-12-06. Electricity Pricing in Transition available in PDF, EPUB and Kindle. Electricity Pricing In Transition is written to address the new issues facing utilities, retailers, regulators, and customers in the changing electricity market. It is organized into five sections. Section I deals with the new restructured organization that has emerged from yesterday's vertically integrated, regulated monopoly company. Section II deals with issues in competitive pricing. Section III reviews the role of demand response and product design in today's chaotic marketplace. Given the single importance of California's energy crisis and the fact that it will be studied for years to come, Section IV is devoted to studying the lessons learned from this crisis. The final section of the book deals with markets and regulations. This book will provide practitioners with guidance on how to avoid the major pitfalls in pricing electricity while the market is in transition by drawing upon the insights and lessons learned from the experience of others that are documented in this book.
