Routledge - Electricity Regulation and Market Liberalization

Explore the complex evolution of the US electricity industry in this Routledge study. While the broader US economy has seen rapid dynamism and technological shifts driven by digital communication, the electricity sector has experienced much slower institutional change. This book examines how the industry has struggled to adapt to modern economic shifts and the variable nature of institutional changes across different regions. Readers will gain insight into the current state of US energy markets, where many states still do not participate in open wholesale markets. The text analyzes the challenges within retail markets, noting that many states have either no retail markets at all or have implemented versions that are highly restricted and politicized. This creates significant barriers for potential retail market entrants. This academic work provides a necessary look at how deregulation, innovation, and market liberalization function within a continually changing environment.