Foreword -- Introduction -- I. What's Wrong with the Status Quo? -- 1. Why Restructure Electricity Markets? -- 2. Sector-specific Market Power Regulation vs. General Competition Law -- 3. Chile: Where It All Started -- 4. Electricity Liberalization in Britain and the Evolution of Market Design -- 5. The Nordic Market: Robust by Design? -- III. Evolving Markets -- 6. The Electricity Industry in Australia: Problems Along the Way to a National Electricity Market -- 7. Restructuring of the New Zealand Electricity Sector, 1984-2005 -- 8. Energy Policy and Investment in the German Power Market -- 9. Competition in the Continental European Electricity Market: Despair of Work in Progress? -- IV. North America, New World, New Challenges -- 10. California Electricity Restructuring, the Crisis, and Its Aftermath -- 11. Texas: The Most Robust Competitive Market in North America -- 12. Electricity Restructuring in Canada -- 13. The PJM Market -- 14. Independent System Operators in the United States: History, Lessons Learned, and Prospects -- 15. Competitive Retail Power Markets and Default Service -- V. Other Markets -- 16. The Case of Brasil: Reform by Trial and Error? -- 17. Understanding the Argentinian and Colombian Electricity Markets -- 18. A New Stage of Electricity Liberalization in Japan: Issues and Expectations.

Why restructure electricity markets? / Fereidoon P. Sioshansi and Wolfgang Pfaffenberger -- Sector-specific market power regulation versus general competition law : criteria for judging competitive versus regulated markets / Günter Knieps -- Chile : where it all started / Ricardo Raineri -- Electricity liberalization in Britain and the evolution of market design / David Newbery -- The Nordic electricity market : robust by design? / Eirik S. Amundsen, Lars Bergman and Nils-Henrik M. von der Fehr -- The electricity industry in Australia : problems along the way to a national electricity market / Alan Moran -- Restructuring the New Zealand electricity sector 1984-2005 / Geoff Bertram -- Energy policy and investment in the German power market / Gert Brunekreeft and Dierk Bauknecht -- Competition in the continental European electricity market : despair or work in progress? / Reinhard Haas [and others] -- California electricity restructuring, the crisis, and its aftermath / James L. Sweeney -- Texas : the most robust competitive market in North America / Parviz Adib and Jay Zarnikau -- Electricity restructuring in Canada / Michael J. Trebilcock and Roy Hrab -- The PJM market / Joseph Bowring -- Independent system operators in the USA : history, lessons learned, and prospects / Richard O'Neill [and others] -- Competitive retail power markets and default service : the US experience / Taff Tschamler -- The case of Brazil : reform by trial and error? / João Lizardo R. Hermes de Araújo -- Understanding the Argentinean and Colombian electricity markets / Isaac Dyner, Santiago Arango and Erik R. Larsen -- A new stage of electricity liberalization in Japan : issues and expectations / Mika Goto and Masayuki Yajima.