COVID-19 Update: We are currently shipping orders daily. However, due to transit disruptions in some geographies, deliveries may be delayed. To provide all customers with timely access to content, we are offering 50% off Science and Technology Print & eBook bundle options. Terms & conditions.
Competitive Electricity Markets - 1st Edition - ISBN: 9780080471723, 9780080557717

Competitive Electricity Markets

1st Edition

Design, Implementation, Performance

Editor: Fereidoon Sioshansi
eBook ISBN: 9780080557717
Hardcover ISBN: 9780080471723
Imprint: Elsevier Science
Published Date: 4th February 2008
Page Count: 624
Sales tax will be calculated at check-out Price includes VAT/GST
Price includes VAT/GST

Institutional Subscription

Secure Checkout

Personal information is secured with SSL technology.

Free Shipping

Free global shipping
No minimum order.

Table of Contents

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



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


No. of pages:
© Elsevier Science 2008
4th February 2008
Elsevier Science
eBook ISBN:
Hardcover ISBN:

Ratings and Reviews

About the Editor

Fereidoon Sioshansi

Fereidoon Sioshansi

Fereidoon Sioshansi is President of Menlo Energy Economics, a consulting firm focused on the rapid transformation of the electric power sector. He is the editor and publisher of EEnergy Informer, a monthly newsletter with international circulation. His professional experience includes working at Southern California Edison Co. (SCE), Electric Power Research Institute (EPRI), NERA, and Global Energy Decisions. Since 2006, he has edited 13 books published by Academic Press; the latest, Variable generation, flexible demand, was published in 2021

Affiliations and Expertise

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