A Shock to the System is a guide to the decisions that will be faced by electricity providers, customers, and policymakers. Produced by a team of analysts at Resources for the Future, this concise and balanced work provides background necessary to understand the increasing role of competition in electricity markets. The authors introduce important concepts and terminology, and offer the history of public policy regarding electricity. They identify the significant proposals for implementing competition, and examine the potential consequences for regulation, industry structure, cost recovery, and the environment.
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A team of economic analysts at Resources for the Future has produced this concise, balanced, and readable primer to explain how the American electricity industry will likely change over the next decade. Technological, economic, and political developments are shaping a system very different from the one we have known. This volume is an instructive guide to the next ten years -- where changes will occur, what forms they are likely to take, and what their long-term ramifications may be.
Timothy J. Brennan is a professor of policy sciences and economics at the University of Maryland, Baltimore County and a senior fellow at Resources for the Future (RFF)
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