markets lead to outcomes (prices and investment) that are not first-best, it even fails to achieve the second-best optimum … given the constraint of time-invariant pricing. We then show that attempts to correct the level of investment through taxes … necessarily reduce capacity investment, and it is likely to harm customers that are already on RTP …

This book responds to the opening up of electricity markets to competition, which has completely changed the nature of …Investments in competitive electricity markets : an overview / François Lévêque -- Investment and generation capacity … transmission investment in a deregulated power / Steven Stoft -- Patterns of transmission investments / Paul Joskow -- Long …

investment. Private concessionaires now operate the main and regional networks, but they are under no obligation to expand … capacity. In a decentralized electricity market such as Argentina's the key to a successful transmission investment policy is … coordination among the parties involved. Without coordination, an investment project in one site might affect or even disrupt power …