Evolution of Global Electricity Markets

Evolution of Global Electricity Markets

New paradigms, new challenges, new approaches

1st Edition - June 10, 2013
This is the Latest Edition
  • 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
    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