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Markets for Power: An Analysis of Electrical Utility Deregulation

1984/10/01 by William F. Watson, Paul L. Joskow, Richard Schmalensee · 1 citation
Engineering · Business, Management and Accounting · #Electric Power System Optimization #Transport and Economic Policies #Power System Reliability and Maintenance #Deregulation #Power (physics) #Economics #Market power #Business #Power market #Industrial organization #Market economy #Electric power system #Physics

paper · doi:10.2307/1057863

openalex publication_date 1984/10/01 · openalex created_date 2025/10/10 · openalex updated_date 2026/06/11

Abstract

Markets for Power provides an unusually complete analysis of the economic, technical, and institutional aspects of the electric utility industry. The authors evaluate four currently popular options for deregulating this unique segment of the economy, and in a balanced program for reform, they advise against total deregulation and recommend a cautious approach to even partial deregulation.

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