Electricity Regulation: Principles and Institutions

Abstract

Building a high-rise is subject to many principles, but primarily the laws of physics, which require the foundations to be apt for the materials used and the height of the building, which may otherwise collapse. While any number of buildings can be designed to that requirement, the use to which the structure is to be put reduces the number of alternatives considerably. Similarly, the electricity industry is subject to the laws and principles that govern both the physical characteristics of electricity and also to the fulfilment of the expectations of utilities and consumers. These principles, together with other practical considerations, ultimately limit the number of ways that electricity can be regulated. © Springer-Verlag London Limited 2013.