Rethinking Reform of Electricity Markets

Shapiro, Sidney A.; Tomain, Joseph P.

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Rethinking Reform of Electricity Markets

Wake Forest Law Review, Vol 40, pp. 497-543, 2005

U of Cincinnati Public Law Research Paper No. 05-18

48 Pages Posted: 5 Sep 2005

See all articles by Sidney A. Shapiro

Joseph P. Tomain

University of Cincinnati - College of Law

Abstract

Rethinking Reform starts with a thought experiment about the complete deregulation of electricity markets. The article goes on to discuss how the traditional model of utility regulation has served its useful purpose and must be replaced. The two recommendations made in the article include the use of marginal cost pricing and an array of smart energy technologies to create a better and more efficient energy policy.

Keywords: Deregulation, Electricity, Markets, Utilities, Energy

JEL Classification: K23

Suggested Citation: Suggested Citation

Shapiro, Sidney A. and Tomain, Joseph P., Rethinking Reform of Electricity Markets. Wake Forest Law Review, Vol 40, pp. 497-543, 2005, U of Cincinnati Public Law Research Paper No. 05-18, Available at SSRN: https://ssrn.com/abstract=796805