IEAHydropower

Technical Information > Reliability of Hydropower Facilities

This publication presents case studies drawn from recent large-scale blackouts in Europe, North America, and Australia. It concludes that a comprehensive, integrated policy response is required to avoid preventable large-scale blackouts in the future.

The issues covered in the study are: the rationale and benefits of liberalisation; the governance required to create effective competition; the role of prices and transparent wholesale markets; consumer protection; incentives for investment, and; impact of addressing security of supply and environmental policy.

This book analyses the impact of electricity market reform on investment in the power industry. It considers the implications of more open and competitive markets for the security of electricity supply, and demonstrates that adequate investment is the basic prerequisite for a secure supply of electricity.