Will Electricity Market Reform Likely Reduce Retail Rates?

Chi-Keung WOO, Jay Zarnikau

Research output: Contribution to journalArticlepeer-review

6 Citations (Scopus)


To win public support, proponents for electricity market reform to introduce competition often promise that the post-reform retail rates will be lower than the average embedded cost rates that would have prevailed under the status quo of a regulated monopoly. A simple economic analysis shows that such a promise is unlikely to occur without the critical assumption that the post-reform market has marginal costs below average costs.

Original languageEnglish
Pages (from-to)40-45
Number of pages6
JournalElectricity Journal
Issue number2
Publication statusPublished - Mar 2009

Scopus Subject Areas

  • Business and International Management
  • Energy (miscellaneous)
  • Management of Technology and Innovation


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