This is an up-to-date account of economic aspects of the energy markets, dealing with recent advances in the economics of energy and the implications for regulation, privatization, and international competition in each of the major markets - electricity, gas, coal, and oil.

Written in light of recent advances in the field, this book is an up-to-date account of economic aspects of the energy markets. The editors fully consider the implications for regulation, privatization, and international competition in each of the major markets--electricity, gas, coal, and oil.

`the interested reader already familiar with basic concepts of energy economics learns quite a lot of interesting points with respect to the British experience and the change in policy towards privatization and attempts to reach more competition ... the book may be used as an interesting source for the contrast between well-meant political aims and a relatively modest outcome.' Kyklos