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An Analysis of Trends in Restructuring of Electricity Markets

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  • Hickey, Emily A.
  • Carlson, J. Lon

Abstract

The transition from traditional rate-of-return regulation to competition in generation in the electricity industry has been a bumpy one. While the outcome has been largely criticized, there is evidence that ratepayers in the majority of restructured states have in fact benefited, albeit less dramatically than was originally predicted, from their state's restructuring initiatives. Nonetheless, as regulated and restructured states move forward, there are lessons from the experience that should inform future restructuring efforts.

Suggested Citation

  • Hickey, Emily A. & Carlson, J. Lon, 2010. "An Analysis of Trends in Restructuring of Electricity Markets," The Electricity Journal, Elsevier, vol. 23(5), pages 47-56, June.
    • Handle: RePEc:eee:jelect:v:23:y:2010:i:5:p:47-56
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    Cited by:

    1. David E. M. Sappington & Dennis L. Weisman, 2016. "The disparate adoption of price cap regulation in the U.S. telecommunications and electricity sectors," Journal of Regulatory Economics, Springer, vol. 49(2), pages 250-264, April.
    2. Isaías Gomes & Rui Melicio & Victor M. F. Mendes, 2021. "Assessing the Value of Demand Response in Microgrids," Sustainability, MDPI, vol. 13(11), pages 1-16, May.
    3. Gomes, I.L.R. & Pousinho, H.M.I. & Melício, R. & Mendes, V.M.F., 2017. "Stochastic coordination of joint wind and photovoltaic systems with energy storage in day-ahead market," Energy, Elsevier, vol. 124(C), pages 310-320.
    4. Juyong Lee & Youngsang Cho & Yoonmo Koo & Chansoo Park, 2018. "Effects of Market Reform on Facility Investment in Electric Power Industry: Panel Data Analysis of 27 Countries," Sustainability, MDPI, vol. 10(9), pages 1-16, September.

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