Further State Electric Deregulation Can be Guided by Gas Experience

Sat Jun 01 16:24:38 EDT 2002
By Dr. Karl McDermott and Dr. Carl Peterson

This chapter examines the implications of the characteristics of electricity and natural gas production and delivery for the organization of firms and markets. The boundary between the firm and the market has long been discussed by academics, but the issue has great practical importance today as legislatures and regulators attempt to restructure markets for energy services.

This article was published as a chapter in Natural Gas & Electric Power Industries Analysis, 2002 Edition, Robert E. Willett, editor.