Highly volatile electricity prices are becoming a more frequent and unwanted characteristic of modern electricity … wholesale markets. But low demand elasticity, mainly the result of a lack of incentives and consumers’ inability to control …

This book analyses the impact of electricity market reform on investment in the power industry. It considers the … implications of more open and competitive markets for the security of electricity supply. Some of electricity’s uses are essential … components of modern life. Security of electricity supply is an important policy objective in virtually all modern economies …