Electricity Competition

in praise of making competition work in electricity

"Here is the book I’ve been looking for to guide me through the devilishly complicated experience of electric industry deregulation…"
–From the Foreword by Alfred E. Kahn

"A thoughtful and comprehensive analysis of the issues associated with creating competitive electricity markets that work well. The book provides a clear road map for steps that the U.S. must take to make electricity industry competition initiatives a success. An essential guide for policymakers."
–Paul L. Joskow Elizabeth and James Killian Professor of Economics Massachusetts Institute of Technology

"Grounded in solid theory and buttressed by extensive practical experience, Hunt’s analysis brings welcome clarity to the sometimes surreal discussion of electricity restructuring. Ignore it at your peril."
–William W. Hogan Lucius N. Littauer Professor of Public Policy and Administration John F. Kennedy School of Government, Harvard University

An expert's perspective on how competition can make this industry work. There has never been a coherent plan to restructure the electricity industry in the US???until now. Power expert Sally Hunt gets down to the critical lessons learned from the California power crisis and other deregulated markets, in which competition has been introduced properly and successfully.

Hunt presents sensible solutions to power market reform that have been cultivated over her twenty years of professional work in the industry. Sally Hunt (New York, NY) spent twenty years at National Economic Research Associates, where she was head of NERA's U.S. energy practice and a member of the board. Coauthor of Competition and Choice in Electricity with Graham Shuttleworth (0471957828), she has served as Corporate Economist at Con Edison, Deputy Director of the New York City Energy Office, and Assistant Administrator of the New York City Environmental Protection Administration. Over the years, financial professionals around the world have looked to the Wiley Finance series and its wide array of bestselling books for the knowledge, insights, and techniques that are essential to success in financial markets. As the pace of change in financial markets and instruments quickens, Wiley Finance continues to respond. With critically acclaimed books by leading thinkers on value investing, risk management,asset allocation, and many other critical subjects, the Wiley Finance series provides the financial community with information they want. Written to provide professionals and individuals with the most current thinking from the best minds in the industry, it is no wonder that the Wiley Finance series is the first andlast stop for financial professionals looking to increase their financial expertise.

SALLY HUNT was head of the energy practice at NERA, an international consulting firm, and coauthored Competition and Choice in Electricity (Wiley). She has advised governments around the world on competition in the electricity industry, and has worked closely with many electric companies on implementation.