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Deregulating electricity prices and privatizing publicly owned power system assets has been an economic disaster in North America and elsewhere. Instead of the promised abundance of lower-priced power, states and provinces that have embraced deregulation and privatization are now experiencing astonishing price spikes and unexpected shortages. Taking us from the very beginnings of the electricity industry in the 1880's right up to the present day, Howard Hampton vividly recounts the dramatic political struggles between public and private power in both Canada and the United States, a moving story
Electric utilities --- Privatization --- Government ownership
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A lucid and up-to-date introduction to understanding electrical power utilities in an era of change Electric utilities worldwide are undergoing profound transformations: nationally owned systems are becoming privatized, privately owned systems that were previously regulated are becoming deregulated, and national systems are becoming international. Professionals in the power sector must now work in a new world in which an understanding of the principles of markets and how to evaluate investment projects under competition are essential. This text was written as a manual for the Russian Federal Energy Commission to train regional electricity rate regulators in the principles of economics and finance involved in regulating electricity markets and deregulating electricity generation. Requiring no familiarity with economics and using a minimum of mathematics, this book provides professionals in the power sector with the tools to face the new realities of electric utility operation. Designed both as a reference for practicing professionals and as a textbook for university and continuing education programs, Electricity Economics: Regulation and Deregulation discusses: . The lessons learned from international experiences. Competitive versus noncompetitive markets. Cost and supply, profit, and economic efficiency. The cost of capital, including net present value, discounting, and risk and return. Wholesale power markets, generation expansion, and customer choice. Specific international examples including the Californian, Norwegian, Spanish, and Argentine power sectors. Plus numerous exercises to help clarify and support absorption of the concepts.
Electric Utilities --- Electric utilities --- Electric utilities --- Business & Economics --- Industries --- Management --- Costs --- Government policy
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The Enron scandal notwithstanding, it is important for professionals in the electric power industry and related positions gain a solid understanding of electric power systems and how they work. Written by two veteran power company managers and respected experts, this is a real-world view of electric power systems, how they operate, how the organizations are structured, and how electricity is regulated and priced. A comprehensive overview of the electric power industry from the inside Covers electric power system components, electricity consumption, generation, transmission, distribution, electric utility operation, electric system control, power system reliability, government regulation, utility rate making, and financial considerations. Includes an extensive glossary of key terms used in the U.S. and also definitions for terms used worldwide.
Electric power systems. --- Electric utilities. --- Electric power.
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A lucid and up-to-date introduction to understanding electrical power utilities in an era of change Electric utilities worldwide are undergoing profound transformations: nationally owned systems are becoming privatized, privately owned systems that were previously regulated are becoming deregulated, and national systems are becoming international. Professionals in the power sector must now work in a new world in which an understanding of the principles of markets and how to evaluate investment projects under competition are essential. This text was written as a manual for the Russian Federal Energy Commission to train regional electricity rate regulators in the principles of economics and finance involved in regulating electricity markets and deregulating electricity generation. Requiring no familiarity with economics and using a minimum of mathematics, this book provides professionals in the power sector with the tools to face the new realities of electric utility operation. Designed both as a reference for practicing professionals and as a textbook for university and continuing education programs, Electricity Economics: Regulation and Deregulation discusses: . The lessons learned from international experiences. Competitive versus noncompetitive markets. Cost and supply, profit, and economic efficiency. The cost of capital, including net present value, discounting, and risk and return. Wholesale power markets, generation expansion, and customer choice. Specific international examples including the Californian, Norwegian, Spanish, and Argentine power sectors. Plus numerous exercises to help clarify and support absorption of the concepts.
Electric utilities --- Management. --- Costs. --- Government policy.
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Electric utilities --- Law and legislation --- Mathematical models.
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Electric utilities --- Natural gas --- Price fixing --- Prices
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Electric utilities --- Costs. --- United States. --- Evaluation.
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