Electricity Sector Restructuring and Competition: Lessons Learned

By P. Joskow. 2003

116 citations recorded by the source corpus.

We now have over a decade of experience with the privatization, restructuring, regulatory reform, and wholesale and retail competition in electricity sectors around the world. The objectives and design attributes of these reform programs are reviewed. The improvements in sector performance that have been achieved are discussed. The nature and sources of performance problems are also reviewed. Several lessons learned from this experience are identified and their implications for successful ongoing electricity reform initiatives presented. Electricity sector restructuring, regulatory reform and competition initiatives can yield significant consumer benefits when these reforms are designed and implemented well. Applying the lessons learned from recent experience can yield larger consumer benefits in the future.

Subfields: Electrical and Electronic Engineering, Safety, Risk, Reliability and Quality

View Paper: https://www.semanticscholar.org/paper/790b176f0091875c977511d0f2c436b5ae8787c8

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Citations in the corpus

Electricity Market Reform in the European Union: Review of Progress toward Liberalization &Integration* (2005, background): “Reforming countries have adopted different market models and these have evolved in stages, reflecting a learning process and a reminder that liberalisation remains a work in progress (Joskow, 2003b; Wolak, 2001).”
Green electricity policies in the United States : case study (2005, background): “The size and scope of the Texas RPS are sufficient to allow economies of scale, particularly for wind facilities (Langniss and Wiser, 2003).”
The Venezuelan energy crisis: Renewable energies in the transition towards sustainability (2019, background): “To improve the performance of the electric power sector in Latin America in general, it is essential to consider the availability of the adequate energy policies [33], the support of investments and sus tainable construction criteria [17] and the acknowledgment of the lessons learned [21,34] as desc”