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Home > Science, Technology & Agriculture > Energy technology and engineering > Electrical engineering > Electricity Liberalization
Electricity Liberalization

Electricity Liberalization


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About the Book

Electricity liberalization refers to the liberalization of electricity markets. As electricity supply is a natural monopoly, this entails complex and costly systems of regulation to enforce a system of competition. The standard model for electricity liberalization is the "British model," after the British system which began in the late 1980s with the privatization and vertical de-integration of the UK electricity industry. At a cost of over $3bn, a system of competition was developed to auction spare capacity through a central system. The risks involved for both generators and distributors have led to vertical re-integration. Liberalization of electricity tends to substantially benefit large consumers (mainly industrial users), but benefits for domestic consumers compared with a public monopoly or a regulated private monopoly are questionable. There are also doubts over whether the system can ensure long-term security of supply through providing sufficient incentives to begin building generation capacity in time for when it is needed.


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Product Details
  • ISBN-13: 9786130737931
  • Publisher: Alphascript Publishing
  • Publisher Imprint: Alphascript Publishing
  • Height: 152 mm
  • Weight: 132 gr
  • ISBN-10: 6130737939
  • Publisher Date: 30 Apr 2010
  • Binding: Paperback
  • Spine Width: 5 mm
  • Width: 229 mm


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