Virtually every country in the world faces the challenge of designing the regulatory and financial mechanisms that ensure cost-effective procurement of generation to supply electricity demand. Historically, procurement of generation has been particularly difficult in the emerging economies of...

By examining the broad range of variations in design and implementation of energy trading models around the world, our evaluation showed that sometimes the pure Single Buyer is actually the only alternative, particularly in distressed power systems. Even under dire circumstances, it is still...

One of the contentious issues in electricity reform is whether there are significant gains from restructuring systems that are moderately well run. South Africa's electricity system is a case in point. The sector's state-owned utility, Eskom, has been generating some of the lowest-priced...