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Table Of Contents

A common Approach to Reform is Developing
A Review of Reforms to Date
Key Issues:Unbundling
Key Issues:Empowering the End User
Key Issues:Reforming Regulatory Institutions
Designing Markets and Regulation
Outlook
THE BACKGROUND TO REFORM
Defining Electricity
What are the Benefits of Reform?
What are the Costs of Reform?
What is Driving Reform?
A Brief History
Early Reforms
Key Characteristics of Some Early Reformers
Recent Reforms
Performance
Wholesale Average Prices (US$ per MWh)
WHAT MODEL FOR THE ESI?
Retail Competition
Alternative Approaches
Retail Competition Issues
An Assessment
sTransition Issues:Stranded Costs
UNBUNDLING
Why Unbundle?
Vertical Separation of Generation and Transmission
Vertical Separation of Generation and Distribution
MARKETS
“Spot” Electricity Markets
Trading Outside the Pool
Capacity Mechanisms
Financial Markets
NETWORKS
Means and Ends of Network Regulation
Short-term Pricing Issues: Managing Congestion
sAllocating Costs to Users
The Need for Regulatory Institutions to Adapt
Regulatory Independence
A Review of Institutional Approaches58
The Important Role of Competition Policy
Developing a Framework for International Trade
The Relationship with Natural Gas
The Broader Policy Framework: Security of Supply
The Broader Policy Framework: the Environment
CONCLUSIONS AND OUTLOOK
Consumer Choice is the Key to Reform
Challenges
Further Change Can be Expected
GLOSSARY71
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Competition in Electricity Markets

Competition in Electricity Markets

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Published by: Tatiana Belanga Chicareli on May 02, 2011
Copyright:Attribution Non-commercial

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06/17/2013

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