Alternative Pathway to Electricity Market Reform: A Risk-Management Approach

— An evolutionary “Third Way” approach for restructuring the electricity industry is proposed, striking a balance between the extremes of vertical integration and direct liberalization of wholesale and retail markets. This approach accepts that retail utilities will need to continue to serve a large contingent of core customers who rely on inter-temporal smoothing of retail rates. Practical aspects of implementing this role within liberalized wholesale markets are also examined.

• Type: Conference
• Year: 2006
• Where: HICSS
• Authors: Hung-po Chao, Shmuel S. Oren, Robert Wilson
• Keywords: Biometrics, HICSS 2006, Liberalized Wholesale Markets, Retail Markets, System Sciences, Third Way