Regulating Power
The Economics of Electricity in the Information Age
by Carl Pechman
This book examines the economics of an industry that has become a critical component of modern life - the electric utility industry. The public nature of electricity has affected the development of the industry, both private and public. While this book focuses on private utilities, it recognizes the potential for a resurgence of public ownership. The objective of the book is to examine factors that will affect the evolution of markets for power. Of critical importance is the role of information, which is required for making and evaluating decisions in power markets. This book demonstrates that utilities can exploit information as a source of market power, impeding the development of more competitive and efficient markets. To a large extent the source of the utilities' market power is the ability to specify computer models used in the planning, pricing and operation of markets for electricity. A number of concepts related to the use and control of information and models are developed in this book.
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| Edition | Availability |
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1
Regulating Power: The Economics of Electricity in the Information Age
1993, Springer US
electronic resource :
in English
1461364337 9781461364337
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2
Regulating Power: The Economics of Electrictiy in the Information Age
1993, Island Press
in English
1461532590 9781461532590
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