Keywords:
Electric utilities -- Government policy -- United States.
;
Energy policy -- United states.
;
Electronic books.
Description / Table of Contents:
A Shock to the System is a guide to the decisions that will be faced by electricity providers, customers, and policymakers. Produced by a team of analysts at Resources for the Future, this concise and balanced work provides background necessary to understand the increasing role of competition in electricity markets. The authors introduce important concepts and terminology, and offer the history of public policy regarding electricity. They identify the significant proposals for implementing competition, and examine the potential consequences for regulation, industry structure, cost recovery, and the environment.
Type of Medium:
Online Resource
Pages:
1 online resource (157 pages)
Edition:
1st ed.
ISBN:
9781135890827
URL:
https://ebookcentral.proquest.com/lib/geomar/detail.action?docID=1665865
DDC:
333.79/32/0973
Language:
English
Note:
Cover -- Half Title -- Title Page -- Copyright Page -- Table of Contents -- List of Figures and Boxes -- Foreword -- Preface -- Key to Icons -- 1. Introduction: Why Care about Restructuring the Electricity Industry? -- The Coming of Competition to the Electricity Industry -- Policy Initiatives Shaping Regulatory Reform -- The Six Major Issues -- The Goal -- 2. The Electricity Industry and Its Regulatory History -- Functions of the Electricity Industry -- Composition of the Electricity Industry -- A Century of Electricity Policy -- Conclusion -- 3. Implementing Competition: Different Levels, Different Models -- Forces for Competition -- The Scope of Competition -- Two Proposed Market Structures -- Conclusion -- 4. Market Power in Delivering Power: Regulating Electricity Transmission -- Premises for Regulating Transmission -- Whether To Regulate Transmission -- How To Regulate Transmission -- Special Features of the Transmission Industry -- Conclusion -- 5. Restructuring Electric Utilities: The Pros and Cons of Vertical Integration -- Pros and Cons of Vertical Integration -- Vertical Integration Where Markets Are Not Competitive -- Vertical Integration under Regulation -- Key Restructuring Questions -- Conclusion -- 6. Paying for the Past before Entering the Future: Coping with Stranded Costs -- Stranded Costs throughout the Economy -- Economic Principles of Regulation: How Big Could the Stranded Costs Be? -- Economics of Contracts: What Was the Regulatory Compact with Electric Utilities? -- Recovering the Costs: Practical Proposals for Handling Stranded Costs -- Conclusion -- 7. Implications of Restructuring for Environmental Protection -- Dealing with Air Pollution -- How Restructuring Could Affect the Environment -- Restructuring and Environmental Policies -- New Policies To Address the Environmental Consequences of Restructuring -- Conclusion.
,
Epilogue -- Merger Policy -- Entry into Telecommunications Markets -- Electricity Research and Development -- Social Programs -- Utility Tax Policy -- Index.
