Electricity Restructuring Research Paper by Nicky

Electricity Restructuring
This research paper discusses the restructuring of the electricity industry and maintains that restructuring should be a gradual and evolving process.
# 128205 | 10,463 words | 14 sources | APA | 2010 | US

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This thesis conducts a review of the major federal initiatives that have driven the restructuring of the Electric Utility industry and evaluates the success or failure as well as considers the roles the states have played in supporting or preventing Federal action in this area. Firstly, the writer looks at the question of why the difficulties of restructuring were so greatly underestimated. Secondly, the research in this work examines why restructuring has been successful in some jurisdictions but has not been successful in other jurisdictions. This work also addresses the question of since governmental agencies would play an important role in any restructuring can one be assured that they will do their job? The writer discusses whether the electric utility industry should proceed with restructuring without all of the essential pieces in place. The writer concludes that deregulation and industry restructuring should continue although at a slower pace and in a bottom-up approach. This paper includes different charts.

Statement of Problem
Research Questions
Importance of Study
Literature Review
Analysis of Findings

From the Paper:

"Restructuring of the electricity industry has been approached with a top-down approach that has failed to result in benefits to consumers. Economic theory states guidance on conditions that are essential for well-functioning markets to exist in which the consumer benefits and the firms utilize innovation to control costs. There is currently a debate surrounding the importance of each 'condition' as well as the resulting harm when conditions are unmet. It has been learned that without the essential pieces in place that restructuring of the electricity industry may result in results that are highly negative in nature. These essential pieces include new transmission capacity, real-timing pricing, the absence of excessive market power in generation, fair competition between utility incumbents and other market players, effective regulatory oversight, a level playing field between private entities on the one hand and electric cooperatives and public power suppliers on the other, well0infomed small retail consumers and the opportunities and the correct incentives for risk-management activities by regulated utilities."

Sample of Sources Used:

  • Ardoin, P.J. and Grady, Dennis (2006) The Politics of Electricity Restructuring across the American States: Power Failure and Policy Failure. State and Local Government Review. Vol. 38. No. 3 (2006.
  • Ardoin, Phillip J. and Grady, Dennis (2006) The Politics of Electricity Restructuring across the American States: Power Failure and Policy Failure. State and Local Government Review. Vol. 38, No. 3 2006.
  • Brennan, Timothy J. (2003) State and Federal Roles in Facilitating Electricity Competition: Legal and Economic Perspectives. 2003 April, Discussion Paper 03-24 Resources for the Future.
  • Cooper, Mark, N. (2000) Reconsidering Electricity Restructuring: A Short Circuit Or A Total Blackout. Consumer Federation of America 30 Nov 2000. Online available at: http://www.consumersunion.org/telecom/deregdc1100.htm
  • Doren, Peter Van and Taylor, Jerry (2004) Rethinking Electricity Restructuring. Policy Analysis No. 530. 30 Nov 2004. Online available at: http://www.cato.org/pubs/pas/pa530.pdf

Cite this Research Paper:

APA Format

Electricity Restructuring (2010, July 05) Retrieved August 13, 2022, from https://www.academon.com/research-paper/electricity-restructuring-128205/

MLA Format

"Electricity Restructuring" 05 July 2010. Web. 13 August. 2022. <https://www.academon.com/research-paper/electricity-restructuring-128205/>