With the global demand for energy skyrocketing, over the past twenty years many countries have restructured their electric power industries, typically moving from a regulated monopoly to a competitive market structure. The results of these reforms vary significantly from country to country depending on the market organization model and national conditions. This book examines the restructuring in both developed and developing nations, with particular focus on the United States, Great Britain, China, and Russia, and addresses the problems arising from these transitions. The book also contains a comprehensive analysis of different electricity market models and their compatibility with the properties of electric power systems and country conditions. As the most thorough and up to date analysis of the theory and practical experience of electricity deregulation, this book is a must-read for academics, students and researchers with an interest in electric power industry restructuring. It also has direct relevance for engineers, regulators and other decision makers in companies and governmental agencies concerned with energy issues.

This book presents the results of a study of long-term perspectives for energy development of the world and its main regions, performed at the Siberian Energy Institute of the Russian Academy of Sciences (Energy Systems Institute since 1998). The methodological approach, the 10-regional Global Energy Model (GEM-10R) of the world energy system, energy demand forecasts, data on energy resources and energy technologies, and results of calculations based on mathematical models are described. Particular attention is given to determination of energy requirements and peculiarities of its technological structure that are caused by mankind's necessary transition to sustainable development. Economic and ecological consequences of constraints on greenhouse gas emissions and scales of nuclear energy production, as well as assistance of developed countries to developing ones are investigated. Problems of cheap oil, gas and uranium resources depletion, fuel price growth, synthetic fuel production and new energy technology implementation are analysed.
The book is intended for specialists in energy and economics, as well as students and postgraduate students of technical high schools and universities. ac