Liberalisation, welfare effects of the Swiss electricity market reform

The book explores the paradox of rising electricity prices following liberalization, contrasting common perceptions that such reforms lead to lower costs. It begins with an analysis of the Swiss electricity market and relevant legislation, setting the groundwork for understanding deregulation. Economic theories by Stiglitz, Joskow, and Tirole are examined to clarify the nature of electricity as a good. Additionally, it discusses upcoming technical regulations in Switzerland and presents empirical studies on electricity price modeling before and after liberalization.