Competitive Electricity Markets

Competitive Electricity Markets

Design, Implementation, Performance

1st Edition - February 4, 2008

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  • Editor: Fereidoon Sioshansi
  • eBook ISBN: 9780080557717

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After 2 decades, policymakers and regulators agree that electricity market reform, liberalization and privatization remains partly art. Moreover, the international experience suggests that in nearly all cases, initial market reform leads to unintended consequences or introduces new risks, which must be addressed in subsequent “reform of the reforms.” Competitive Electricity Markets describes the evolution of the market reform process including a number of challenging issues such as infrastructure investment, resource adequacy, capacity and demand participation, market power, distributed generation, renewable energy and global climate change.

Key Features

  • Sequel to Electricity Market Reform: An International Perspective in the same series published in 2006
  • Contributions from renowned scholars and practitioners on significant electricity market design and implementation issues
  • Covers timely topics on the evolution of electricity market liberalization worldwide


Professionals, policy makers/regulators, students, researchers, and investors in the electric power sector, generating companies, distribution companies, manufacturers and suppliers

Table of Contents

  • Foreword
    Dr. Michael Pollitt
    Judge Business School and EPRG, University of Cambridge

    Professor Wolfgang Pfaffenberger
    Jacobs University Bremen

    Electricity market reform: Progress and remaining challenges
    Fereidoon P. Sioshansi
    Menlo Energy Economics

    Part One: Market reform evolution

    Chapter 1
    Reevaluation of vertical integration and unbundling
    Dr. Hung-po Chao
    ISO New England
    Prof. Shmuel Oren
    University of California, Berkeley
    Prof. Robert Wilson
    Stanford University

    Chapter 2
    Hybrid electricity markets and different patterns of restructuring
    Dr. Aad F. Correlje and Dr. Laurens De Vries
    Delft University of Technology, The Netherlands

    Chapter 3
    Achieving electricity market integration in Europe
    Nigel Cornwall
    Cornwall Energy Consulting, UK

    Part Two: Market performance, monitoring and demand participation

    Chapter 4
    Transmission markets, congestion management & investment
    Dr. Harry Singh

    Chapter 5
    The design of U.S. wholesale energy and ancillary service auction markets: Theory and practice
    Dr. Richard O’Neill & Dr. Udi Helman
    Prof. Ben Hobbs
    Johns Hopkins Univ.

    Chapter 6
    The cost of anarchy in self-commitment based electricity markets
    Dr. Ramteen Sioshansi & Professor Shmuel Oren
    University of California, Berkeley
    Dr. Richard O’Neill

    Chapter 7
    Market power & market monitoring
    Dr. Parviz Adib
    Dr. David Hurlbut
    National Renewable Energy Laboratory

    Chapter 8
    Demand participation in restructured markets
    Dr. Jay Zarnikau
    Frontier Associates

    Part Three: Capacity, resource adequacy and investment

    Chapter 9
    Resource adequacy: Alternate perspectives and divergent paths
    Dr. Parviz Adib
    Dr. Eric Schubert
    BP Energy Company
    Prof. Shmuel Oren
    University of California, Berkeley

    Chapter 10
    The evolution of PJM’s capacity market
    Dr. Joseph E. Bowring
    PJM Interconnection LLC

    Chapter 11
    Resource adequacy & efficient infrastructure investment: Evidence from Australia’s National Electricity Market
    Dr. Alan Moran
    Institute of Public Affairs, Melbourne, Australia
    Benjamin S. Skinner
    TRUenergy, Melbourne, Australia

    Part Four: Market design issues

    Chapter 12
    Promoting renewable energy: Lessons learned from 20 years of experimentation
    Professor Reinhard Haas
    Vienna University of Technology, Austria
    Professor Dr. Niels I. Meyer
    Technical University of Denmark
    Anne Held
    Fraunhofer Institute for Systems & Innovation Research, Karlsruhe, Germany
    Dr. Dominique Finon
    Centre International de Recherche pour l’Environnement et le Développement, France
    Professor Dr. Arturo Lorenzoni
    IEFE, Bocconi University, Italy
    Dr. Ryan Wiser
    Lawrence Berkeley National Lab, Berkeley, CA
    Ken-ichiro Nishio
    Central Research Institute of Electric Power Industry, Tokyo, Japan

    Chapter 13
    Distributed generation and the regulation of electricity networks
    Dierk Bauknecht
    Oeko-Institut - Institute for Applied Ecology
    Professor Gert Brunekreeft
    Jacobs University Bremen

    Chapter 14
    Global climate change and the electric power industry
    Professor Andrew Ford
    Washington State University

    Chapter 15
    Reform of the reforms in Brazil: Problems and solutions
    Professor João Lizardo R. H. de Araujo
    Director General of CEPEL
    Agnes Maria de Aragão da Costa, Tiago B. Correia
    Ministry of Energy, Brazil
    Dr. Elbia Melo
    Director, Chamber for Electricity Trading, Brazil


Product details

  • No. of pages: 624
  • Language: English
  • Copyright: © Elsevier Science 2008
  • Published: February 4, 2008
  • Imprint: Elsevier Science
  • eBook ISBN: 9780080557717

About the Editor

Fereidoon Sioshansi

Fereidoon Sioshansi
Dr. Fereidoon Sioshansi is President of Menlo Energy Economics, a consulting firm based in San Francisco with over 35 years of experience in the electric power sector working in analysis of energy markets, specializing in the policy, regulatory, technical and environmental aspects of the electric power sector in the US and internationally. His research and professional interests are concentrated in demand and price forecasting, electricity market design, competitive pricing & bidding, integrated resource planning, energy conservation and energy efficiency, economics of global climate change, sustainability, energy security, renewable energy technologies, and comparative performance of competitive electricity markets. Dr. Sioshansi advises major utility clients and government policy makers domestically and internationally on electricity market reform, restructuring and privatization of the electric power sector. He has published numerous reports, books, book chapters and papers in peer-reviewed journals on a wide range of subjects. His professional background includes working at Southern California Edison Co. (SCE), Electric Power Research Institute (EPRI), NERA, and Global Energy Decisions. He is the editor and publisher of EEnergy Informer, a monthly newsletter with international circulation. He is on the Editorial Advisory Board of The Electricity Journal where he is regularly featured in the “Electricity Currents” section. Dr. Sioshansi also serves on the editorial board of Utilities Policy and is a frequent contributor to Energy Policy. Since 2006, He has edited 12 books on related topics with Elsevier.

Affiliations and Expertise

President, Menlo Energy Economics, San Francisco, CA, USA

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