Abstract
The beginning of the Third Millennium marks a substantial change in the philosophy as well as practice of all the functions of the traditional power industry. While no one can predict the future, one can understand the forces and trends shaping it. It is already evident that the old structure of vertically integrated power systems has been replaced by a system comprised by chaotic equilibria which may be described by nonstationary differential equations which are very hard to master. To put it otherwise — turbulence and insecurity are unavoidable. This transition whose bellwether is information technology implies creative destruction, restructuring of existing industries and is forming network organizations.
This is a preview of subscription content, log in via an institution.
Buying options
Tax calculation will be finalised at checkout
Purchases are for personal use only
Learn about institutional subscriptionsPreview
Unable to display preview. Download preview PDF.
References
Bejan, A., Advanced Engineering Thermodynamics, John Wiley & Sons, New-York, 1988.
Energy Information Administration (EIA), Annual Energy Outlook, Washington, D.C. 1993.
Grübler, A. and Nakicenovic, N., Decarbonizing the global energy system, Technological Forecasting and Social and Change, 55, 97–140 (1996).
Rasmunsen, H.J., The future supply and demand balance for natural gas, a fundamental of the natural gas industry, pp. 8–10, Petroleum Industry, Petroleum Economist, October 1995.
Ottinger, R.L., Wooley, D.R. et.al., Environmental Costs of Electricity, Oceana Publications, Inc, New-York, 1991.
Lanc, J. “Combined Cycle” projects continue to drive European power markets, Power Engineering International, 6 (2), 24–26, March, 1996.
Blankholm, D.L. and Noori, A.H., “What it takes to supply Japanese OEM”, IEEE Engineering Management Review, 19 (1), 79–81, Spring 1991.
Stelzer, I.M. “Restructuring the electric utility industry: further tentative thoughts”, The Electricity Journal, October 1994.
Barum, S. And Traat, J., “Paper electronics and power pools: complementary markets for a deregulated environment” Public Utilities Fortnightly, pp. 39–42, July 1, 1995.
Rivkin, S.R., and Rosner, J.D., “Shortcut to the information superhighway: A progressive plan to speed the telecommunications revolution”, Policy Report No. 16, Progressive Policy Institute, Washington, D.C. July 1992.
Fuld, L.M. and Borska, D.L. “What utilities should expect from competitive intelligence”, Public Utilities Fortnightly, pp. 21–24, March 1, 1995.
Davis, S. And Davidson, B., Vision 2020 — Transforming Your Business Today to Succeed in Tomorrow’s Economy, Simon & Schuster, New-York, 1991.
Author information
Authors and Affiliations
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 1999 Springer Science+Business Media Dordrecht
About this chapter
Cite this chapter
Weiner, D. (1999). Perspectives and Directions of the Electric Power Industry in the Next Millennium. In: Bejan, A., Vadász, P., Kröger, D.G. (eds) Energy and the Environment. Environmental Science and Technology Library, vol 15. Springer, Dordrecht. https://doi.org/10.1007/978-94-011-4593-0_11
Download citation
DOI: https://doi.org/10.1007/978-94-011-4593-0_11
Publisher Name: Springer, Dordrecht
Print ISBN: 978-94-010-5943-5
Online ISBN: 978-94-011-4593-0
eBook Packages: Springer Book Archive