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 …

Most OECD countries, and many countries outside the OECD, are now deeply engaged in a reform of their electricity … electricity, aimed at maximising consumer choice. It also highlights the development of new approaches to regulation of the … examines the many issues and functions that define a modern, liberalised electricity supply industry, and the challenges posed …