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.

chapter 1|14 pages


Why Care about Restructuring the Electricity Industry?

chapter 3|23 pages

Implementing Competition

Different Levels, Different Models

chapter 4|20 pages

Market Power in Delivering Power

Regulating Electricity Transmission

chapter 5|13 pages

Restructuring Electric Utilities

The Pros and Cons of Vertical Integration

chapter 6|14 pages

Paying for the Past before

Coping with Stranded Costs

chapter 8|4 pages