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Electricity Sectors in Transition

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  • Paul L. Joskow

Abstract

This paper discusses the structural and regulatory changes that are affecting electricity sectors around the world. The direction of change is toward promoting competition in the supply of generation services, restructuring of electricity supply enterprises to clearly separate the provision of competitive generation services from monopoly transmission and distribution services, and the application of new regulations governing access to the transmission and distribution networks and the associated costs of the services provided by these networks. The potential impacts of these changes on electricity costs and prices, economic development, the distribution of income, the choice of generating technologies, research and development and the environment are discussed. Differences in the current performance and the likely future impacts of electricity sector restructuring on developing and developed countries are discussed.

Suggested Citation

  • Paul L. Joskow, 1998. "Electricity Sectors in Transition," The Energy Journal, , vol. 19(2), pages 25-52, April.
    • Handle: RePEc:sae:enejou:v:19:y:1998:i:2:p:25-52
    DOI: 10.5547/ISSN0195-6574-EJ-Vol19-No2-3
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    References listed on IDEAS

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    1. Paul Joskow & Nancy L. Rose, 1985. "The Effects of Technological Change, Experience, and Environmental Regulation on the Construction Cost of Coal-Burning Generating Units," RAND Journal of Economics, The RAND Corporation, vol. 16(1), pages 1-17, Spring.
    2. Jean-Jacques Laffont & Jean Tirole, 1993. "A Theory of Incentives in Procurement and Regulation," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262121743, December.
    3. Joskow, Paul L, 1996. "Introducing Competition into Regulated Network Industries: From Hierarchies to Markets in Electricity," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 5(2), pages 341-382.
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    More about this item

    Keywords

    Electricity supply; utility regulation; Retail competition; technology diffusion; energy policy; environmental regulation;
    All these keywords.

    JEL classification:

    • F0 - International Economics - - General

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