Options market for electricity: A proposal

Mark Bernstein, Menahem Spiegel

Research output: Chapter in Book/Report/Conference proceedingChapter

Abstract

The recently observed trends of liberalization of electricity markets that are strongly supported by the recent changes in the legal environment encourage the departure from the traditional organization of production and distribution of electricity. Traditionally, a typical electricity market in most urban and populated regions could be characterized by a fully vertically integrated single firm controlling and performing all the activities related to the provision of electricity. This includes owning and operating the production capacity at the power plant level, the owning and controlling of the transmission lines from the power plant to the local distribution center and owning and managing the distribution of electricity to the final consumers.

Original languageEnglish (US)
Title of host publicationInternational Issues in Energy Policy, Development, and Economics
PublisherTaylor and Francis
Pages243-247
Number of pages5
ISBN (Electronic)9780429695636
ISBN (Print)0813386217, 9780367011703
StatePublished - Jan 1 2019
Externally publishedYes

All Science Journal Classification (ASJC) codes

  • Social Sciences(all)

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