Evolution of Global Electricity Markets

Evolution of Global Electricity Markets

New paradigms, new challenges, new approaches

1st Edition - June 10, 2013

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  • Author: Fereidoon Sioshansi
  • Hardcover ISBN: 9780123978912
  • eBook ISBN: 9780123979063

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Get the latest on rapidly evolving global electricity markets direct from the scholars andthought leaders who are shaping reform. In this volume, dozens of world-class expertsfrom diverse regions provide a comprehensive assessment of the relevant issues intoday’s electricity markets. Amid a seething backdrop of rising energy prices, concerns about environmentaldegradation, and the introduction of distributed sources and smart grids, increasinglystringent demands are being placed on the electric power sector to provide a morereliable, efficient delivery infrastructure, and more rational, cost-reflective prices. Thisbook maps out the electric industry’s new paradigms, challenges and approaches,providing invaluable global perspective on this host of new and pressing issues beinginvestigated by research institutions worldwide. Companies engaged in the powersector’s extensive value chain including utilities, generation, transmission & distributioncompanies, retailers, suppliers, regulators, market designers, and the investment &financial rating community will benefit from gaining a more nuanced understanding ofthe impacts of key market design and restructuring choices. How can problems beavoided? Why do some restructured markets appear to function better than others?Which technological implementations represent the best investments? Whichregulatory mechanisms will best support these new technologies? What lessons canbe learned from experiences in Norway, Australia, Texas, or the U.K.? Thesequestions and many more are undertaken by the brightest minds in the industry in thisone comprehensive, cutting-edge resource.

Key Features

  • Features a unique global perspective from more than 40 recognized experts and scholars around the world, offering opportunities to compare and contrast a wide range of market structures
  • Analyzes how the implementation of existing and developing market designs impacts real-world issues such as pricing and reliability
  • Explains the latest thinking on timely issues such as current market reform proposals, restructuring, liberalization, privatization, capacity and energy markets, distributed and renewable energy integration, competitive generation and retail markets, and disaggregated vs. vertically integrated systems


Researchers and post-grad students investigating energy production; Regulators and business professionals working at electric utilities; Policy makers; Economists;  Investors;  Systems, Power and Electrical Engineers

Table of Contents

  • Part I: The Evolution of European Electricity Markets

    1-Evolution of British electricity market and the role of policy for the low carbon future

    2-Electricity market reform in Britain: Central planning vs. free markets

    3The French paradox: Competition, nuclear rent and price regulation

    4-Turnaround in rough sea: The German electricity market

    5-The growing impact of renewable energy in European electricity markets

    6-Renewable energy, efficient electricity networks and sector-specific market power regulation

    7-From niche to mainstream: The evolution of renewable energy in the German electricity market

    8-The challenges of electricity market regulation in the European Union

    Part II: The evolution of electricity markets in Americas

    9-The evolution of the PJM capacity market: Does it address the revenue sufficiency problem?

    10-Texas electricity market: Getting better

    11-From the brink of abyss to a green, clean and smart future: The evolution of California’s electricity market

    12-Unfinished business: The evolution of US competitive retail electricity markets

    13-Fragmented markets: Canadian electricity sectors' underperformance

    14-The integration of Latin American energy markets: An outstanding dilemma

    Part III: The evolution of BRICs electricity markets 

    15-Evolution of electricity market in Brazil

    16-The Russian electricity market reform: Towards the re-regulation of the liberalized

    17-Not seeing the wood for the trees? Electricity market reform in India

    18-Reform postponed: The evolution of China’s electricity markets

    Part IV: The evolution of electricity markets in Australasia

    19-Evolution of Australia’s national electricity market

    20-Is electricity industry reform the right answer to the wrong question? Lessons from Australian restructuring and climate policy

    21-Weak regulation, rising margins, and asset revaluations: New Zealand’s failing experiment in electricity reform

    22-The Korean electricity market: Stuck in transition

    23-After Fukushima: The evolution of Japanese electricity market

    24-The Singapore electricity market: From partial to full competition

    25-Market design for variable generation

Product details

  • No. of pages: 880
  • Language: English
  • Copyright: © Academic Press 2013
  • Published: June 10, 2013
  • Imprint: Academic Press
  • Hardcover ISBN: 9780123978912
  • eBook ISBN: 9780123979063

About the Author

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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