Electric utilities throughout the world continue to face new challenges involving ownership, market structure, and regulation. There are three related issues at hand. First, should ownership be private or public? Second, what operations should be integrated and where is competition feasible? Third, where is regulation necessary and can it be made more efficient? This volume bears directly upon these concerns.
The book contains two sections. The first six articles discuss the British electricity experiment that has privatized and disintegrated the nation's generation, transmission, and distribution companies, introduced market competition for power purchases, and implemented incentive regulation for monopolized transmission and distribution grids. The remaining articles focus on the theater in which significant microeconomic issues will continue to emerge, most immediately in the U.K. and U.S.A. -- the coordination and pricing of transmission.

1. Introduction; M.E. Einhorn. 2. Competitive Electricity Markets: the Theory and its Application; L. Ruff. 3. The British Electricity Experiment; J. Vickers, G. Yarrow. 4. Britain's Unregulated Electricity Pool; R. Green. 5. Transmission Pricing in England and Wales; S. Hunt, G. Shuttleworth. 6. Regulation of Regional Electric Companies in the British Electricity Experiment; M.A. Einhorn. 7. Competition, Monopoly, and Regulation in the Electricity Industry; S. Littlechild. 8. Practical Considerations in Restructuring of Electricity Supply Industries; J.V. Barker, Jr., W.H. Dunn, Jr., M.P. Shean. 9. Contract Networks for Electric Power Transmission; W.W. Hogan. 10. A Conceptual Regulatory Framework of Transmission Access in Multi-Utility Electric Power Systems; I.J. Perez-Arriaga. 11. Competitive Joint Ventures and Electricity Transmission; S.P. Braman. 12. Regional Transmission Groups: How should They be Structured and What should They do? E. Kahn. 13. Profit Sharing Regulation of Electrical Transmission and Distribution Companies; I. Vogelsang. Index.