While much of the regulatory action is taking place in telecommunications, the impact of competition and the resultant regulatory change is being felt in other traditional public utilities including electricity. The book reviews topics including price caps, incentive regulation, market structure and new regulatory technologies.

1 Seven Myths About Incentive Regulation 1.- 2 Revising Price Caps: The Next Generation of Incentive Regulation Plans.- 3 Price Caps and Revenue Caps: Incentives and Disincentives for Efficiency.- 4 Commissions, Courts, and the Access Pricing Problem.- 5 Industry Structure and Regulation in the England and Wales Electricity Market.- 6 Avoiding Artificial Restrictions on Competition.- 7 Structuring Markets—Determining the Optimal Amount of Regulation: A Discussion of the Changing Electricity Industry.- 8 Utilities Under Competition: An Options-Based Market Approach.- 9 Adopting New Regulatory Technologies in the Electric Utility Industry.- 10 Electric Utility Efficiency with Independent Power Producers.- 11 Regulation, Competition and Rural Telephone Companies.