A critical review of deregulated foreign electric utility markets

In recent years there has been a growing consensus within the electric utility industry that increased competition is inevitable. This article examines four competitive utility models from around the world to determine whether a competitive generation market will produce lower electric rates. The an...

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Bibliographic Details
Published in:Energy policy 1997-08, Vol.25 (10), p.877-886
Main Authors: Walker, Cody D., Lough, W.Timothy
Format: Article
Language:English
Subjects:
Applied sciences
Comparative studies
Competition
Deregulation
Economic data
Economic models
Electric energy
Electric rates
Electric utilities
Electric utility
Electricity
Energy
Energy economics
Energy market
Energy policy
Exact sciences and technology
General, economic and professional studies
International markets
Manycountries
Market prices
Privatization
Trends
Utilities
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Summary:In recent years there has been a growing consensus within the electric utility industry that increased competition is inevitable. This article examines four competitive utility models from around the world to determine whether a competitive generation market will produce lower electric rates. The analysis shows that the British, Norwegian, Argentinean and Chilean experiences may provide limited support for electric utility reform in the US. But many of these foreign systems have abundant, low-cost, hydroelectric power or involve privatisation of publicly owned facilities which may offer benefits not available in the US, where electric rates are relatively low already.
ISSN:0301-4215
1873-6777
DOI:10.1016/S0301-4215(97)00080-3