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What is Deregulation

Handbook of Research on Power and Energy System Optimization
Disintegrating or unbundling the existing power system into the basic components of generation, transmission, and distribution and offering each component separately for sale with separate rates.
Published in Chapter:
Market Power in Deregulated Power System
Mohammad Quadeer Fahad (Jamia Millia Islamia, India), Mohd Tauseef Khan (Jamia Millia Islamia, India), and Anwar Shahzad Siddiqui (Jamia Millia Islamia, India)
Copyright: © 2018 |Pages: 31
DOI: 10.4018/978-1-5225-3935-3.ch014
In today's competitive market, deregulation of power industry is inevitable. The aim of deregulating the power markets is to bring competition into them and thereby make them more economically efficient. In an economically efficient market, no consumer or producer has the ability to impact on prices by itself or by collaborating with any other participant. However, the electricity wholesale market is not a perfect market and the potential for market power exploitation is an issue. Sometimes private companies collaborate with each other to get more profit, driving the prices to a higher level and thus acquiring a market power which is an anti-competitive practice. Thus, market power is the capability of a seller or a group of sellers to profitably maintain the prices above a competitive level and control the total output for a noteworthy period of time.
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Telecommunications Regulation in Nigeria
To make open publicly a business both local and international investors to participate in it.
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The Impact of Customer Dissatisfaction Regarding Revenue Management on Perceptions of Airline Experience and Loyalty
It means that the market becomes more competitive and customer oriented as legislative impediments to air transportation are removed, as are barriers to the entrance of private capital ventures in the sector.
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Financial Implications of Relationship Marketing in Airline Business
Airline deregulation is the process of removing government-imposed rules and restrictions mostly on financial structure of airlines and slot rights, pricing and operational regulations of airlines. The term was born with “1978 Airline Deregulation Act” when control over air travel industry passed from the political to the real market and today it is identified with liberalization acts in sector. Deregulation process in USA also triggered the deregulation acts all over the World and helped to shape of free market conditions.
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Innovation in the Indian Banking Industry: An Exploration of the Evolution, Motivations, and Effects
The reduction or elimination of government power in a particular industry usually enacted to create more competition within the industry.
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Spatiality and Political Economy of the Global Fiber Optics Industry
Decrease or removal of government controls in an industry, including prices, ownership, and market penetration.
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New Public Administration Understanding and Reform Effects as Products of Neolibal Management Concept
The state of reducing or abolishing state restrictions in a particular business or segment.
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