书目名称 | Regulating Power: The Economics of Electrictiy in the Information Age |
副标题 | The Economics of Ele |
编辑 | Carl Pechman |
视频video | |
丛书名称 | Topics in Regulatory Economics and Policy |
图书封面 |  |
描述 | Modem industrial society functions with the expectation that electricity will be available when required. By law, electric utilities have the obligation to provide electricity to customers in a "safe and adequate" manner. In exchange for this obligation, utilities are granted a monopoly right to provide electricity to customers within well-defmed service territories. However, utilities are not unfettered in their monopoly power; public utility commissions regulate the relationship between a utility and its customers and limit profits to a "fair rate of return on invested capital. " From its inception through the late 1970s, the electric utility industry‘s opera tional paradigm was to continue marketing electricity to customers and to build power plants to meet customer needs. This growth was facilitated by a U. S. energy policy predicated upon the assumption that sustained electric growth was causally linked to social welfare (Lovins, 1977). The electric utility industry is now in transition from a vertically integrated monopoly to a more competitive market. Of the three primary components (generation, transmission, and distribution) of the traditional vertically integrated monopo |
出版日期 | Book 1993 |
关键词 | Generator; Potential; computer; development; electricity; regulation |
版次 | 1 |
doi | https://doi.org/10.1007/978-1-4615-3258-3 |
isbn_softcover | 978-1-4613-6433-7 |
isbn_ebook | 978-1-4615-3258-3Series ISSN 2730-7468 Series E-ISSN 2730-7476 |
issn_series | 2730-7468 |
copyright | Kluwer Academic Publishers 1993 |