The electricity industry, one of the largest and most vital sectors of the U.S. economy, has changed dramatically in recent years. After being heavily regulated for more than a century by authorities at all levels, deregulation is taking center stage, allowing for enormous efficiency gains. Electric Choices explores the difficult questions surrounding deregulation and urges Americans to continue the transition to a market-based model.
Andrew N. Kleit is professor of energy and environmental economics at the Pennsylvania State University. He has been an economist for the Federal Trade Commission and the Council of Economic Advisers. Dr. Kleit is the coeditor of Competition Policy Enforcement: The Economics of the Antitrust Process (1996).
Chapter 1 1 Introduction Chapter 2 2 Can Electricity Restructuring Survive? Lessons from California and Pennsylvania Chapter 3 3 The Role of Retail Pricing in Electricity Restructuring Chapter 4 4 Using Experiments to Inform the Privatization/Deregulation Movement in Electricity Chapter 5 5 The Alberta Experience Chapter 6 6 Transactions Costs and the Organization of Coordination Activities in Power Markets Chapter 7 7 Market-Based Transmission Investments and Competitive Electricity Markets Chapter 8 8 Checking for Market Power in Electricity: The Perils of Price-Cost Margins Chapter 9 9 The Role of Distributed Energy Resources in a Restructured Power Industry Chapter 10 10 Blackout Economics