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Economic and Political Constraints on the Demand-Side of Electricity Industry Re-structuring Processes

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  • Frank Wolak

Abstract

this paper identifies the major political and economic constraints that impact the demand-side of electricity industry re-structuring processes. These constraints have been a major barrier to implementing effective restructuring processes in many countries, particularly those in the developing world. The paper describes how these constraints have been addressed and how this has harmed market efficiency and system reliability using examples from re-structuring processes around the world. The paper proposes demand-side regulatory interventions to manage these constraints in a manner that limits the harm to wholesale market efficiency. Finally, specific regulatory inventions for developing countries are proposed.

Suggested Citation

  • Frank Wolak, 2013. "Economic and Political Constraints on the Demand-Side of Electricity Industry Re-structuring Processes," Review of Economics and Institutions, Università di Perugia, vol. 4(1).
    • Handle: RePEc:pia:review:v:4:y:2013:i:1:n:1
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    Citations

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    Cited by:

    1. Harbord, David & Pagnozzi, Marco, 2014. "Britain's electricity capacity auctions: lessons from Colombia and New England," MPRA Paper 56224, University Library of Munich, Germany.
    2. Bobtcheff, Catherine & De Donder, Philippe & Salanié, François, 2024. "Optimal Regulation of Electricity Provision with Rolling and Systemic Blackouts," TSE Working Papers 24-1555, Toulouse School of Economics (TSE).
    3. Fabra, Natalia, 2021. "The energy transition: An industrial economics perspective," International Journal of Industrial Organization, Elsevier, vol. 79(C).
    4. Ossenbrink, Jan, 2017. "How feed-in remuneration design shapes residential PV prosumer paradigms," Energy Policy, Elsevier, vol. 108(C), pages 239-255.
    5. Jaeyong An & P. R. Kumar & Le Xie, 2016. "Dynamic Modeling of Price Responsive Demand in Real-time Electricity Market: Empirical Analysis," Papers 1612.05021, arXiv.org.
    6. Pébereau, Charles & Remmy, Kevin, 2023. "Barriers to real-time electricity pricing: Evidence from New Zealand," International Journal of Industrial Organization, Elsevier, vol. 89(C).
    7. Frank A. Wolak, 2021. "Long-Term Resource Adequacy in Wholesale Electricity Markets with Significant Intermittent Renewables," NBER Chapters, in: Environmental and Energy Policy and the Economy, volume 3, pages 155-220, National Bureau of Economic Research, Inc.

    More about this item

    Keywords

    electricity retailing; demand-side participation; regulatory barriers; dynamic pricing;
    All these keywords.

    JEL classification:

    • L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation
    • L94 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Electric Utilities
    • Q41 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Demand and Supply; Prices
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy

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