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Electricity deregulation typically separates
a formerly integrated electric utility into unregulated generation
companies, a regulated transmission company, and one or more regulated
local distribution companies (LDCs). The post-reform experience
to date indicates that deregulation has failed to deliver reliable
service at reasonable and stable rates. E3 has been an active
and major participant in the deregulation debate, with its professionals
providing advice on:
- Will electricity deregulation deliver
safe and reliable services at reasonable and stable rates?
- Relative to the regulatory status quo
of integrated utilities, what are the benefits and costs of deregulation?
- Are there less risky alternatives to deregulation
that can improve the performance of the electric sector?
- If deregulation must occur, how large
is the stranded cost? And what should be the method of collection?
E3 at Work
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Dr. Orans’s testimony before the British Columbia Utilities
Commission led to the rejection of electricity market restructuring
in British Columbia.
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Dr. Woo’s advice delayed electricity deregulation in
Israel.
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Testimonies by Dr. Orans and Mr. Horii led the Texas PUC
to reject the regulatory staff’s low estimates of stranded
costs.
Selected Publications
- Woo, C.K., I. Horowitz and A. Tishler (2006) "A Critical Assessment of the Hong Kong Government's Proposed Post-2008 Regulatory Regime for Local Electricity Utilities," Energy Policy, 34, 1451-1456.
- Woo, C.K., A. Olson, I. Horowitz and S. Luk (2006) “Bi-directional Causality in California’s Electricity and Natural-Gas Markets,” Energy Policy, 34:15, 2060-2070.
- Woo, C.K., M. King, A. Tishler and L.C.H. Chow (2006) "Costs of Electricity Deregulation," Energy, 31:6-7, 747-768.
- Tishler, A. and C.K. Woo (2006) "Likely Failure of Electricity Deregulation: Explanation with Application to Israel," Energy, 31:6-7, 845-856.
- Tishler, A., J. Newman, I. Spekterman and C.K. Woo (2006) “Cost-Benefit Analysis of Reforming Israel’s Electricity Industry,” Energy Policy, 34:16, 2442-2454.
- Woo, C.K., M. King, A. Tishler, and L.C.H.
Chow (2004) "Costs
of Electricity Deregulation"
- Woo, C.K., D. Lloyd, R. Karimov and A.
Tishler (2003) “Stranded Cost Recovery in Electricity Market
Reforms in the US,” Energy - The International Journal,
28:1, 1-14.
- Woo, C.K., D. Lloyd and A. Tishler (2003) “Electricity
Market Reform Failures: UK, Norway, Alberta and California,” Energy
Policy, 31:11, 1103-1115.
- Tishler, A., C.K. Woo and D. Lloyd (2002) “Reforming
Israel’s Electric Sector,” Energy Policy,
30:4, 347-353.
- Woo, C.K. (2001) “What Went Wrong
in California’s Electricity Market?” Energy -
The International Journal, 26:8, 747-758.
- Orans, R., C.K. Woo and B. Horii (1995)
Impact of Market Structure and Pricing Options on Customers'
Bills, E3 report submitted to B.C. Hydro.
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