Abstract
This chapter presents an analysis of certain conditions, goals, models, and results of the electricity reforms in different countries of the world. They vary greatly depending on the economic development, available energy resources, political structure, and other features of a country. Reforms in developed countries started in rather favorable conditions (large generation reserves, slow demand growth, fair network development, etc.), and the final goal was to reduce electricity prices for customers. In developing countries the reforms are caused as a rule by electricity deficit, insufficient state investments, and other “growing pains.” The extent of reforms is varied even in large countries (USA, Canada, India) consisting of several states or provinces.
A mutual paper with Dr. V. V. Khudyakov [22] was used in this chapter.
This is a preview of subscription content, log in via an institution.
Buying options
Tax calculation will be finalised at checkout
Purchases are for personal use only
Learn about institutional subscriptionsNotes
- 1.
The crisis is described mostly according to the unpublished paper: “A Quantitative Analysis of Pricing Behavior in California’s Wholesale Electricity Market During Summer 2000: The Final Word.” By Paul Joskow and Edward Kahn. February 4, 2001.
- 2.
These three large companies later suffered the most detriment from the crisis or even went bankrupt.
- 3.
Such price formation should be rather called “fair” with regard to buyers, as the marginal prices are formed according to the most expensive accepted sellers’ bid, thus creating profit for the other sellers and increasing buyers’ expenses.
- 4.
As was already mentioned in Sect. 6.4 the price necessary for the recoupment of the new CCPP in Australia comprised around 40 AU $/MWh.
Author information
Authors and Affiliations
Corresponding author
Rights and permissions
Copyright information
© 2011 Springer Science+Business Media, LLC
About this chapter
Cite this chapter
Belyaev, L.S. (2011). Worldwide Experience in Electric Power Industry Restructuring. In: Electricity Market Reforms. Springer, New York, NY. https://doi.org/10.1007/978-1-4419-5612-5_7
Download citation
DOI: https://doi.org/10.1007/978-1-4419-5612-5_7
Published:
Publisher Name: Springer, New York, NY
Print ISBN: 978-1-4419-5611-8
Online ISBN: 978-1-4419-5612-5
eBook Packages: Business and EconomicsEconomics and Finance (R0)