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Working paper / Energy

Managing Demand-Side Economic and Political Constraints on Electricity Industry Re-structuring Processes

Author(s): WOLAK Frank A.

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ABSTRACT

This paper identifies the major political and economic constraints that impact the demand-side of electricity industry re-structuring processes. It then describes how these constraints have been addressed and how this has harmed market efficiency and system reliability. Finally, the paper proposes demand-side regulatory interventions to manage these constraints in a manner that limits the harm to wholesale market efficiency.