"Electricity Market Structure and Infrastructure"
Book Chapter, Acting in Time on Energy Policy, pages 128-161
Author: William Hogan, Raymond Plank Professor of Global Energy Policy
Other Chapters in Acting in Time on Energy Policy:
- Barriers to Acting in Time on Energy and Strategies for Overcoming Them
- Acting in Time on Energy Policy
- Acting in Time on Climate Change
- Making Carbon Capture and Storage Work
- Oil Security and the Transportation Sector
- Policy for Energy Technology Innovation
"Infrastructure investment is a common focus of energy policies proposed for the United States. Initiatives to improve energy security, meet growing demand, or address climate change and transform the structure of energy systems all anticipate major infrastructure investment. Long lead times and critical mass requirements for these investments present chicken-and-egg dilemmas. Without the necessary infrastructure investment, energy policy cannot take effect. And without sound policy, the right infrastructure will not appear. Acting in time to provide workable policies for infrastructure investment requires a framework for decisionmaking that identifies who decides and how choices should be made."
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