markets to stimulate competition and improve efficiency. This book considers the key elements of effective reform based on a … review of experiences to date. A converging trend emerges, that emphasises competition in the generation, supply and trade of … electricity, aimed at maximising consumer choice. It also highlights the development of new approaches to regulation of the …

reform is to improve economic efficiency through competition and short term trade, in order to reduce prices for natural gas … consumers. The book argues that security and competition are not incompatible, and that security can be enhanced by competition …