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Erschienen in:
2001 | OriginalPaper | Buchkapitel
Investment Dynamics and Long Term Price Trends in Competitive Electricity Markets
verfasst von : Petter L. Skantze, Marija D. Ilic
Erschienen in: Valuation, Hedging and Speculation in Competitive Electricity Markets
Verlag: Springer US
Enthalten in: Professional Book Archive
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Our attention is often drawn to competitive power markets in times of crisis. Electricity markets are now experiencing unprecedented levels of price volatility. Each time prices spike there are those who call for regulatory intervention to protect customers and keep large suppliers from exploiting shortages. Most recently, the power crisis in California resulted in both financial losses for the load serving utilities, and the physical loss of power for some of their customers. This resulted in a public reevaluation of the success of deregulation in lowering the cost of electricity for the consumer, as well as in the more basic premise of keeping the lights on.