Competition and Regulation in Electricity Markets

The volume presents researchers new to energy economics with a collection of standard works in the field. The 42 facsimile articles cover classics in economics and regulation from the 1920s to the 1980s, incentive regulation, competition in generation, market power, transmission and system operation, retail competition, liberalization impacts, and future developments. Among specific topics are recent (1949-50) developments in the theory of marginal cost pricing, productivity incentive clauses and rate adjustment for inflation, market behavior with large amounts of intermittent generation, contract networks of electric power transmission, and lessons from the history of independent system operators in the energy sector. Annotation c2016 Ringgold, Inc., Portland, OR (protoview.com)

Edited by Sebastian Eyre, Visiting Fellow, Centre for Analysis of Risk and Regulation, London School of Economics and Michael G. Pollitt, Professor of Business Economics, Judge Business School, University of Cambridge, UK