It appears that reforms that have strong pro-competition political support are more likely to respond to problems by identifying market or institutional imperfections and trying to fix them in ways that are consistent with the continued successful evolution of competitive wholesale and retail markets. They are also. They are also likely to be willing to live with some imperfections, recognizing that no market is perfect and that the cures can be worse than the disease. Where the commitment to competitive electricity markets is weak, when problems emerge policymakers are more likely to seek what appear to be quick fixes that undermine continued evolution of competitive markets or just cut and run from the competitive market agenda.
jueves, 23 de octubre de 2008
Sabiduría de Joskow
De "Lessons learned from electricity market liberalization", Energy Journal, Special Issue The Future of Electricity: