This book discusses and quantifies the impact of these drivers on the industry and its participants and proposes how the industries organisation and regulation may need to change to accommodate them. This chapter focuses on the implications to free market operation.

Chapter Contents:

• 1.1 Industry in transition
• 1.2 Impact of developments
• 1.3 Emission targets
• 1.4 Unbundling
• 1.5 Implementing generation competition
• 1.6 Rationale for market development
• 1.7 Establishing competition
• 1.8 Facilitating demand side involvement
• 1.9 Establishing the optimum level of generation capacity
• 1.10 Plant mix
• 1.11 Regulatory response
• 1.12 Electricity market reform the United Kingdom
• 1.13 Irish I-SEM
• 1.14 Lessons learnt
• 1.15 Conclusions

Inspec keywords: power markets; organisational aspects

Other keywords: industries regulation; industries organisation; market developments; free market operation

Subjects: Power system management, operation and economics