Book Review of "The Economics of Electricity Markets: Theory and Policy"


This book provides a concise description of the institutions that govern competitive electricity markets. The editors, Pippo Ranci and Guido Cervigni, together with their four contributors, have witnessed the development of electricity markets in Europe from multiple perspectives: market participant, regulator, and academic researcher. They draw on their experiences to describe both the technical details of how markets operate and the advantages and disadvantages of alternative market designs.

Journal of Economic Literature, 2014, Vol. 52, No. 2, pp. 554-555.