Security of Supply in Electricity Markets : Evidence and Policy Issues.

Description

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 Califo.  Read more... 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.