Electricity market competition

Author: Hunt
Publisher:
Publish Date: 2004-10-01
Features: This is a book with a rational and comprehensive analysis of establishing competitive electricity markets, and it is excellent. The book provides a clear framework and steps for the successful establishment of the competitive electricity industry in the United States. What is particularly valuable throughout the book is the author's clear approach, which explains the detailed steps of gradual implementation, distinguishing which steps are essential, which are optional, which are effective for the next steps, and which are unnecessary. The book offers brilliant discussions on essential steps like effective pricing of transmission services, and astonishingly simplifies the importance of setting effective prices. It is a commendable and indispensable guide, with detailed explanations, clear annotations, and high authority. In 2003, a nationwide electricity shortage left a lasting impression; in 2004, the shadow of power shortages still lingered. So, can China's electricity industry support its rapidly developing economy in 2005 and 2006? Coincidentally, in 2000, California in the United States also experienced a surge in electricity prices and power shortages. The differences in systems did not hinder power shortages—China lacked electricity, and so did the United States. American electricity expert Sally Hunt proposed solutions to this unique problem. The book is divided into two parts. The first part collects data and experiences from various countries and parts of the United States over the past decade in introducing market competition mechanisms in the electricity industry, and on the basis of these valuable materials, it elaborates and explains the elements and conditions for a country to form a competitive electricity market. The second part focuses on the measures and solutions taken by the United States in addressing related issues. The book aims to provide readers with a clear outline of the development and changes in electricity markets, many of which are specific to the U.S. electricity industry, but the solutions and approaches presented are universal and worldwide.