The Economics of Electricity Markets: Theory and Policy by Pippo Ranci and Guido Cervigni
Published By: Loyola de Palacio Series on European Energy Policy. Cheltenham, U.K. and Northampton, Mass.: Elgar ISBN: 978-0-85793-395-9 Date of Publication: 2013
Book Review Detail
Shaun McRae of University of Michigan
Review DOI: 10.1257/jel.52.2.535.r11 Review Pages: 554-55
Book Review Abstract
Shaun McRae of the University of Michigan reviews "The Economics of Electricity Markets: Theory and Policy", by Pippo Ranci and Guido Cervigni. The Econlit abstract of this book begins: "Six papers address the main issues that arise when competition is introduced into the electricity industry. Papers discuss wholesale electricity markets (Guido Cervigni and Dmitri Perekhodtsev); generation capacity adequacy (Cervigni, Andrea Commisso, and Perekhodtsev); congestion management and transmission rights (Perekhodtsev and Cervigni); competition policy in the electricity industry (Cervigni and Perekhodtsev); retail competition (Anna Creti and Clara Poletti); and climate change and the future of the liberalized electricity markets (Cervigni). Ranci is Professor of Economic Policy at the Catholic University of Milan and Chair of the Board of Appeal of the European Agency for the Cooperation of Energy Regulators. Cervigni is Research Director at the Center for Research on Energy and Environmental Economics and Policy at Bocconi University and Chief Economist at A2A S.p.A. Index."
L11: Production, Pricing, and Market Structure; Size Distribution of Firms L41: Monopolization; Horizontal Anticompetitive Practices L94: Electric Utilities L98: Industry Studies: Utilities and Transportation: Government Policy Q48: Energy: Government Policy Q54: Climate; Natural Disasters; Global Warming