Deregulating Electric Utilities: A Market-Process Approach

Topics:
Electricity Transmission
Tags:
Competitive Market,
Government,
Industry,
Management,
Regulations,
Strategy,
University Of Kansas
Source:
University of Kansas

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Overview: The basic assumptions on which public utility regulation have been built are increasingly challenged. Longstanding policy prescriptions no longer have unwavering support from academicians, politicians, or executives in the regulated industries. There appears to be a widespread recognition that, due to exhaustion of scale economies, the generation sector of the electricity industry may accommodate a competitive market structure.' But can any of the many proposals for rearranging the industry enhance the competitive market process? It would be foolhardy to assume deregulation reforms necessarily mean more competition without examining what these proposals can realistically he expected to accomplish. This paper examines the forces that affect the competitive process in the electricity industry.

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Format: PDF | Size: 910KB | Date: Dec 2003 | Pages: 23

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