This book assesses experience in reforming electricity markets in OECD countries over the past decade, focusing on the issues that are critical for successful liberalisation. Experiences and examples in the study are drawn mainly from the UK, Australian, Nordic and North Eastern United States...

Bridges the knowledge gap between engineering and economics in a complex and evolving deregulated electricity industry, enabling readers to understand, operate, plan and design a modern power system With an accessible and progressive style written in straight-forward language, this book covers...

Contents: Introduction -- Part I - How to trade and transport electricity across national borders? -- 1. Why did we start with electricity markets in Europe? -- 2. Who gets the rights to trade across borders? -- 3. How to calculate border trade constraints? -- 4. Who pays for the network when...