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Electricity Deregulation: Choices and Challenges.

Publication: The Energy Journal
Publication Date: 01-OCT-06 		Format: Online
Delivery: Immediate Online Access
Full Article Title: Electricity Deregulation: Choices and Challenges.(Book review)

Article Excerpt
Electricity Deregulation: Choices and Challenges, by JAMES M. GRIFFIN AND STEVEN L. PULLER, EDS. (University of Chicago Press, US: 2005), 446 pages, ISBN 0-226-30856-1.

Plato's ship-of-state analogy is a penetrating and discomforting critique of politicians and policymakers who focus their attention on who is steering the ship rather than looking outside the ship to evaluate the weather and stars so they can navigate safely. This collection of papers is directed at policymakers who understand that there are both a science and an art to restructuring electricity markets and want to learn more. It also includes a chapter of remarks by former policymakers.

The philosopher-kings in this context are economist-policymakers, and the contributors to this volume are some of the leading economists in this industry. For scholars in this field, the themes and papers in this collection are not new. For policymakers, this collection is understandable without eliminating the complexity of the subject.

This volume approaches the subject matter not ideologically but from an analytical perspective....

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