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Author: Vipul Shah
Publisher:
Published: 2006-12-13
Total Pages: 160
ISBN-13: 9788131404515
DOWNLOAD EBOOK →The Electricity Act, 2003 was a landmark legislation which has firmly put India on a fast track path towards energy sector reforms. The principal aim of the Act is to foster competition in the electricity industry, across the value chain. The Act has, fo
Author: ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT.
Publisher:
Published: 2023-06-30
Total Pages: 0
ISBN-13: 9789264671447
DOWNLOAD EBOOK →This market study analyses Ukraine's electricity sector from a competition perspective. It provides a detailed description and assessment of the regulatory framework within which the Ukrainian electricity markets operate, as well as an analysis of the obstacles to competition in the wholesale and retail markets. This report includes recommendations to address the underlying causes of ineffective competition that, if implemented in the recovery phase following Russia's war of aggression against Ukraine, can contribute to achieving a well-functioning, competitive electricity sector
Author: Maria Vagliasindi
Publisher: World Bank Publications
Published: 2013-03-28
Total Pages: 394
ISBN-13: 0821395564
DOWNLOAD EBOOK →The current distribution of power markets around intermediate structures that fall between the two extremes of full integration and unbundling suggests that there has not been a linear path to power market structure reform. Rather, many developing countries may retain intermediate structures into the foreseeable future. This possibility exposes a gap in the understanding of power market structures, since most theoretical work has focused on the two extreme possibilities and there is limited evidence of the impact of unbundling for developing countries. Power Market Structure takes a novel analytical approach to modeling market structure, together with ownership and regulation, in determining performance across several indicators, including access, operational and financial performance, and environmental sustainability. Its conclusions--which will be of particular interest to policy makers, academics, and development practitioners--reflect evidence drawn from statistical analysis and a representative sample of 20 case studies, selected based on initial conditions such as income and power system size. The key result of the analysis is that unbundling delivers results when used as an entry point to implementing broader reforms, particularly introducing a sound regulatory framework, and reducing the degree of concentration of the generation and distribution segments of the market by attracting additional public and private players and greater private sector participation. In addition, there seems to be a credible empirical basis for selecting a threshold power system size and per capita income level below which unbundling of the power supply chain is not expected to be worthwhile. Partial forms of vertical unbundling do not appear to drive improvements. The most likely reason is that the owner was able to continue exercising control over the affairs of the sector and hinder the development of competitive pressure within the power market.
Author: Joseph L. Welch, PE
Publisher: Lulu.com
Published: 2009
Total Pages: 224
ISBN-13: 0557160170
DOWNLOAD EBOOK →Critique of the US Electricity Industry. Analysis of derailed industry deregulation initiatives. Sketches a new, competitively structured Energy Policy Template.
Author: Alok Kumar
Publisher: OUP India
Published: 2012-10-18
Total Pages: 316
ISBN-13: 0198082274
DOWNLOAD EBOOK →Growing urbanization and the resultant rise in the demand for electricity have increasingly made second generation power sector reforms critical for economic growth. Undertaking a comprehensive analysis of the electricity policy, this book reviews its regulation and performance, and argues for healthy competition, better customer focus, and efficient distribution of electricity.
Author: Petter L. Skantze
Publisher: Springer Science & Business Media
Published: 2001-10-31
Total Pages: 240
ISBN-13: 9780792375289
DOWNLOAD EBOOK →The challenges facing participants in competitive electricity markets are staggering: high price volatility introduces significant financial risk into an industry accustomed to guaranteed rates of return, while illiquid forward markets prevent effective hedging strategies from being implemented. Valuation, Hedging and Speculation in Competitive Electricity Markets: A Fundamental Approach , examines the unique properties which separate electricity from other traded commodities, including the lack of economical storage, and the impact of a scarce transmission network. The authors trace the sources of uncertainties in the price of electricity to underlying physical and economic processes, and incorporate these into a bid-based model for electricity spot and forward prices. They also illustrate how insufficient market data can be circumvented by using a combination of price and load data in the marking- to-market process. The model is applied to three classes of problems central to the operation of any electric utility or power marketer; valuing generation assets, formulating dynamic hedging strategies for load serving obligations, and pricing transmission contracts and locational spread options. Emphasis is placed on the difference between trades which can be 'booked out' in the forward markets, and those which must be carried through to delivery. Lately, significant attention has been given to the role of regulators in mitigating excessive price levels in electricity markets. The authors conduct a quantitative analysis of the long-term effects of regulatory intervention through the use of price caps. By modeling the dynamic interplay between the observed price levels and the decision to invest in new generation assets, it is shown how such short term fixes can lead to long term deficits in the available generation capacity, and ultimately to market failures and blackouts.
Author: Organisation for Economic Co-operation and Development
Publisher:
Published: 2001
Total Pages: 112
ISBN-13:
DOWNLOAD EBOOK →The reform of the electricity supply industry is gathering pace in many countries. Independent regulatory agencies and other regulatory bodies have been created, and regulatory responsibilities redefined. This book reviews the evolving institutional structures to regulate the electricity supply industry in IEA member countries.
Author: Sebastian Eyre
Publisher:
Published: 2016
Total Pages: 0
ISBN-13: 9781783479771
DOWNLOAD EBOOK →Featuring an original introduction by the editors, these carefully-selected essays explore the main issues surrounding competition and regulation in electricity markets. The industry is experiencing irresistible forces of change, driven by energy policy objectives; a reassessment of market regulation in the face of high-energy prices; and the response to consumer pressure to agree on what constitutes a fair price for energy. This volume identifies the key articles that underpin the debate across the industries supply chain (generation, supply and networks) from a regulatory perspective (including market power and incentive regulation). The collection then considers the overall impact of liberalisation and future developments.
Author: Mohua Mukherjee
Publisher: World Bank Publications
Published: 2014-10-21
Total Pages: 185
ISBN-13: 1464803404
DOWNLOAD EBOOK →Massive private investment that complements public investment is needed to close the demand-supply gap and make reliable power available to all Indians. Government efforts have sought to attract private sector funding and management efficiency throughout the electricity value chain, adapting its strategy over time.
Author: Lev S. Belyaev
Publisher: Springer Science & Business Media
Published: 2010-10-17
Total Pages: 258
ISBN-13: 1441956123
DOWNLOAD EBOOK →With the global demand for energy skyrocketing, over the past twenty years many countries have restructured their electric power industries, typically moving from a regulated monopoly to a competitive market structure. The results of these reforms vary significantly from country to country depending on the market organization model and national conditions. This book examines the restructuring in both developed and developing nations, with particular focus on the United States, Great Britain, China, and Russia, and addresses the problems arising from these transitions. The book also contains a comprehensive analysis of different electricity market models and their compatibility with the properties of electric power systems and country conditions. As the most thorough and up to date analysis of the theory and practical experience of electricity deregulation, this book is a must-read for academics, students and researchers with an interest in electric power industry restructuring. It also has direct relevance for engineers, regulators and other decision makers in companies and governmental agencies concerned with energy issues.
