International comparisons of electricity regulation

Description:

This book offers the most comprehensive characterization assembled to date of the historical, institutional, and economic forces affecting electricity regulation. Eminent economists organized by the University of California Energy Institute survey the United States, the United Kingdom, Scandanavia, Latin America, France, Germany, Japan, Canada, New Zealand, and Yugoslavia. Recent experiments with privatization, competition, and restructuring in electricity are contrasted with instances where government ownership and traditional vertical integration still dominate. The introductory essay by Richard J. Gilbert, Edward P. Kahn, and David Newbery synthesizes individual country studies. In any regulatory system, the government must bargain with investors and consumers to satisfy conflicting interests. The opacity of information about cost constrains this process. Governments also impose multiple political and economic objectives on the electricity industry, which further obscures cost conditions. Privatization and deregulation tend to reverse these effects. Few countries, however, have managed to sustain private ownership in the long run.

subjects: Privatization,  Case studies,  Government policy,  Deregulation,  Government ownership,  Electric utilities,  Elektrizita˜tsversorgung,  Nationalisations,  Politique publique,  Electricite, Services publics d',  Dereglementation,  Privatisation,  Elektriciteitsbedrijven,  Services de l'electricite,  Internationaler Vergleich,  Etudes de Cas,  Privatisations,  Energiepolitik,  Politique gouvernementale,  Privatisering,  Deregulierung,  Elektrizita˜tswirtschaft,  Aufsatzsammlung