Competitive Electricity Markets

Competitive Electricity Markets
Author: Fereidoon P. Sioshansi
Publsiher: Elsevier Science Limited
Total Pages: 582
Release: 2008
ISBN 10: 9780080471723
ISBN 13: 0080471722
Language: EN, FR, DE, ES & NL

Competitive Electricity Markets Book Review:

After 2 decades, policymakers and regulators agree that electricity market reform, liberalization and privatization remains partly art. Moreover, the international experience suggests that in nearly all cases, initial market reform leads to unintended consequences or introduces new risks, which must be addressed in subsequent "reform of the reforms." This volume describes the evolution of the market reform process including a number of challenging issues such as infrastructure investment, resource adequacy, capacity and demand participation, market power, distributed generation, renewable energy and global climate change. « Sequel to Electricity Market Reform: An International Perspective in the same series published in 2006 « Contributions from renowned scholars and practitioners on significant electricity market design and implementation issues « Covers timely topics on the evolution of electricity market liberalization worldwide

Competitive Electricity Markets

Competitive Electricity Markets
Author: Fereidoon P. Sioshansi
Publsiher: Elsevier
Total Pages: 624
Release: 2011-10-10
ISBN 10: 9780080557717
ISBN 13: 0080557716
Language: EN, FR, DE, ES & NL

Competitive Electricity Markets Book Review:

After 2 decades, policymakers and regulators agree that electricity market reform, liberalization and privatization remains partly art. Moreover, the international experience suggests that in nearly all cases, initial market reform leads to unintended consequences or introduces new risks, which must be addressed in subsequent “reform of the reforms. Competitive Electricity Markets describes the evolution of the market reform process including a number of challenging issues such as infrastructure investment, resource adequacy, capacity and demand participation, market power, distributed generation, renewable energy and global climate change. Sequel to Electricity Market Reform: An International Perspective in the same series published in 2006 Contributions from renowned scholars and practitioners on significant electricity market design and implementation issues Covers timely topics on the evolution of electricity market liberalization worldwide

Designing Competitive Electricity Markets

Designing Competitive Electricity Markets
Author: Hung-po Chao,Hillard G. Huntington
Publsiher: Springer Science & Business Media
Total Pages: 212
Release: 2013-12-01
ISBN 10: 1461555477
ISBN 13: 9781461555476
Language: EN, FR, DE, ES & NL

Designing Competitive Electricity Markets Book Review:

The authors are prominent economists, operation researchers, and engineers who have been instrumental in the development of the conceptual framework for electric power restructuring both in the United States and in other countries. Rather than espousing a particular market design for the industry's future, each author focuses on an important issue or set of issues and tries to frame the questions for designing electricity markets using an international perspective. The book focuses on the economic and technical questions important in understanding the industry's long-term development rather than providing immediate answers for the current political debates on industry competition.

Pricing in Competitive Electricity Markets

Pricing in Competitive Electricity Markets
Author: Ahmad Faruqui,Kelly Eakin
Publsiher: Springer Science & Business Media
Total Pages: 450
Release: 2012-12-06
ISBN 10: 1461545293
ISBN 13: 9781461545293
Language: EN, FR, DE, ES & NL

Pricing in Competitive Electricity Markets Book Review:

Electricity markets are being deregulated or face new regulatory frameworks. In such changing markets, new pricing strategies will need to consider such factors as cost, value of service and pricing by objective. Pricing in Competitive Electricity Markets introduces a new family of pricing concepts, methodologies, models, tools and databases focused on market-based pricing. This book reviews important theoretical pricing issues as well as practical pricing applications for changing electricity markets.

Modelling Prices in Competitive Electricity Markets

Modelling Prices in Competitive Electricity Markets
Author: Derek W Bunn,Derek W. Bunn
Publsiher: John Wiley & Sons Incorporated
Total Pages: 337
Release: 2004-04-02
ISBN 10:
ISBN 13: UCSC:32106015982231
Language: EN, FR, DE, ES & NL

Modelling Prices in Competitive Electricity Markets Book Review:

Electricity markets are structurally different to other commodities, and the real-time dynamic balancing of the electricity network involves many external factors. Because of this, it is not a simple matter to transfer conventional models of financial time series analysis to wholesale electricity prices. The rationale for this compilation of chapters from international authors is, therefore, to provide econometric analysis of wholesale power markets around the world, to give greater understanding of their particular characteristics, and to assess the applicability of various methods of price modelling. Researchers and professionals in this sector will find the book an invaluable guide to the most important state-of-the-art modelling techniques which are converging to define the special approaches necessary for unravelling and forecasting the behaviour of electricity prices. It is a high-quality synthesis of the work of financial engineering, industrial economics and power systems analysis, as they relate to the behaviour of competitive electricity markets.

Evolution of Global Electricity Markets

Evolution of Global Electricity Markets
Author: Fereidoon P. Sioshansi
Publsiher: Academic Press
Total Pages: 880
Release: 2013-06-10
ISBN 10: 0123979064
ISBN 13: 9780123979063
Language: EN, FR, DE, ES & NL

Evolution of Global Electricity Markets Book Review:

Get the latest on rapidly evolving global electricity markets direct from the scholars and thought leaders who are shaping reform. In this volume, dozens of world-class experts from diverse regions provide a comprehensive assessment of the relevant issues in today’s electricity markets. Amid a seething backdrop of rising energy prices, concerns about environmental degradation, and the introduction of distributed sources and smart grids, increasingly stringent demands are being placed on the electric power sector to provide a more reliable, efficient delivery infrastructure, and more rational, cost-reflective prices. This book maps out the electric industry’s new paradigms, challenges and approaches, providing invaluable global perspective on this host of new and pressing issues being investigated by research institutions worldwide. Companies engaged in the power sector’s extensive value chain including utilities, generation, transmission & distribution companies, retailers, suppliers, regulators, market designers, and the investment & financial rating community will benefit from gaining a more nuanced understanding of the impacts of key market design and restructuring choices. How can problems be avoided? Why do some restructured markets appear to function better than others? Which technological implementations represent the best investments? Which regulatory mechanisms will best support these new technologies? What lessons can be learned from experiences in Norway, Australia, Texas, or the U.K.? These questions and many more are undertaken by the brightest minds in the industry in this one comprehensive, cutting-edge resource. Features a unique global perspective from more than 40 recognized experts and scholars around the world, offering opportunities to compare and contrast a wide range of market structures Analyzes how the implementation of existing and developing market designs impacts real-world issues such as pricing and reliability Explains the latest thinking on timely issues such as current market reform proposals, restructuring, liberalization, privatization, capacity and energy markets, distributed and renewable energy integration, competitive generation and retail markets, and disaggregated vs. vertically integrated systems

Electricity Market Reform

Electricity Market Reform
Author: Fereidoon P. Sioshansi,Wolfgang Pfaffenberger
Publsiher: Elsevier
Total Pages: 688
Release: 2006-04-13
ISBN 10: 9780080462714
ISBN 13: 0080462715
Language: EN, FR, DE, ES & NL

Electricity Market Reform Book Review:

Since the late 1980s, policy makers and regulators in a number of countries have liberalized, restructured or “deregulated their electric power sector, typically by introducing competition at the generation and retail level. These experiments have resulted in vastly different outcomes - some highly encouraging, others utterly disastrous. However, many countries continue along the same path for a variety of reasons. Electricity Market Reform examines the most important competitive electricity markets around the world and provides definitive answers as to why some markets have performed admirably, while others have utterly failed, often with dire financial and cost consequences. The lessons contained within are direct relevance to regulators, policy makers, the investment community, industry, academics and graduate students of electricity markets worldwide. Covers electicity market liberalization and deregulation on a worldwide scale Features expert contributions from key people within the electricity sector

Competitive Electricity Markets and Sustainability

Competitive Electricity Markets and Sustainability
Author: François Lévêque
Publsiher: Edward Elgar Publishing
Total Pages: 320
Release: 2007-01-01
ISBN 10: 184720435X
ISBN 13: 9781847204356
Language: EN, FR, DE, ES & NL

Competitive Electricity Markets and Sustainability Book Review:

This book responds to the opening up of electricity markets to competition, which has completely changed the nature of power generation. The building of new generation and transmission capacity and the setting of the energy mix between nuclear, gas and renewable resources are mainly left to private initiative and investors. The authors and the editor of this book explore whether or not market forces offer a sustainable future for electricity generation. They employ economic theory and method to answer questions such as: Will the market be able to ensure adequacy of generation capacity and secu.

Electricity Markets

Electricity Markets
Author: Chris Harris
Publsiher: John Wiley & Sons
Total Pages: 542
Release: 2011-01-31
ISBN 10: 1119995132
ISBN 13: 9781119995135
Language: EN, FR, DE, ES & NL

Electricity Markets Book Review:

Understand the electricity market, its policies and how they drive prices, emissions, and security, with this comprehensive cross-disciplinary book. Author Chris Harris includes technical and quantitative arguments so you can confidently construct pricing models based on the various fluctuations that occur. Whether you?re a trader or an analyst, this book will enable you to make informed decisions about this volatile industry.

The Economics of Electricity Markets

The Economics of Electricity Markets
Author: Darryl R. Biggar,Mohammad Reza Hesamzadeh
Publsiher: John Wiley & Sons
Total Pages: 432
Release: 2014-07-10
ISBN 10: 1118775724
ISBN 13: 9781118775721
Language: EN, FR, DE, ES & NL

The Economics of Electricity Markets Book Review:

Bridges the knowledge gap between engineering and economics in a complex and evolving deregulated electricity industry, enabling readers to understand, operate, plan and design a modern power system With an accessible and progressive style written in straight-forward language, this book covers everything an engineer or economist needs to know to understand, operate within, plan and design an effective liberalized electricity industry, thus serving as both a useful teaching text and a valuable reference. The book focuses on principles and theory which are independent of any one market design. It outlines where the theory is not implemented in practice, perhaps due to other over-riding concerns. The book covers the basic modelling of electricity markets, including the impact of uncertainty (an integral part of generation investment decisions and transmission cost-benefit analysis). It draws out the parallels to the Nordpool market (an important point of reference for Europe). Written from the perspective of the policy-maker, the first part provides the introductory background knowledge required. This includes an understanding of basic economics concepts such as supply and demand, monopoly, market power and marginal cost. The second part of the book asks how a set of generation, load, and transmission resources should be efficiently operated, and the third part focuses on the generation investment decision. Part 4 addresses the question of the management of risk and Part 5 discusses the question of market power. Any power system must be operated at all times in a manner which can accommodate the next potential contingency. This demands responses by generators and loads on a very short timeframe. Part 6 of the book addresses the question of dispatch in the very short run, introducing the distinction between preventive and corrective actions and why preventive actions are sometimes required. The seventh part deals with pricing issues that arise under a regionally-priced market, such as the Australian NEM. This section introduces the notion of regions and interconnectors and how to formulate constraints for the correct pricing outcomes (the issue of "constraint orientation"). Part 8 addresses the fundamental and difficult issue of efficient transmission investment, and finally Part 9 covers issues that arise in the retail market. Bridges the gap between engineering and economics in electricity, covering both the economics and engineering knowledge needed to accurately understand, plan and develop the electricity market Comprehensive coverage of all the key topics in the economics of electricity markets Covers the latest research and policy issues as well as description of the fundamental concepts and principles that can be applied across all markets globally Numerous worked examples and end-of-chapter problems Companion website holding solutions to problems set out in the book, also the relevant simulation (GAMS) codes

Competitive Electricity Markets The Power of Choice

Competitive Electricity Markets  The Power of Choice
Author: Joseph L. Welch, PE,C. J. Bolling, PhD
Publsiher: Lulu.com
Total Pages: 224
Release: 2009
ISBN 10: 0557160170
ISBN 13: 9780557160174
Language: EN, FR, DE, ES & NL

Competitive Electricity Markets The Power of Choice Book Review:

Critique of the US Electricity Industry. Analysis of derailed industry deregulation initiatives. Sketches a new, competitively structured Energy Policy Template.

Valuation Hedging and Speculation in Competitive Electricity Markets

Valuation  Hedging and Speculation in Competitive Electricity Markets
Author: Petter L. Skantze,Marija Ilic
Publsiher: Springer
Total Pages: 214
Release: 2012-11-01
ISBN 10: 9781461356851
ISBN 13: 1461356857
Language: EN, FR, DE, ES & NL

Valuation Hedging and Speculation in Competitive Electricity Markets Book Review:

The challenges currently facing particIpants m competitive electricity markets are unique and staggering: unprecedented price volatility, a crippling lack of historical market data on which to test new modeling approaches, and a continuously changing regulatory structure. Meeting these challenges will require the knowledge and experience of both the engineering and finance communities. Yet the two communities continue to largely ignore each other. The finance community believes that engineering models are too detailed and complex to be practically applicable in the fast changing market environment. Engineers counter that the finance models are merely statistical regressions, lacking the necessary structure to capture the true dynamic properties of complex power systems. While both views have merit, neither group has by themselves been able to produce effective tools for meeting industry challenges. The goal of this book is to convey the fundamental differences between electricity and other traded commodities, and the impact these differences have on valuation, hedging and operational decisions made by market participants. The optimization problems associated with these decisions are formulated in the context of the market realities of today's power industry, including a lack of liquidity on forward and options markets, limited availability of historical data, and constantly changing regulatory structures.

Making Competition Work in Electricity

Making Competition Work in Electricity
Author: Sally Hunt
Publsiher: Wiley
Total Pages: 450
Release: 2002-05-02
ISBN 10: 9780471220985
ISBN 13: 0471220981
Language: EN, FR, DE, ES & NL

Making Competition Work in Electricity Book Review:

An expert's perspective on how competition can make this industry work. There has never been a coherent plan to restructure the electricity industry in the USâ??until now. Power expert Sally Hunt gets down to the critical lessons learned from the California power crisis and other deregulated markets, in which competition has been introduced properly and successfully. Hunt presents sensible solutions to power market reform that have been cultivated over her twenty years of professional work in the industry. Sally Hunt (New York, NY) spent twenty years at National Economic Research Associates, where she was head of NERA's U.S. energy practice and a member of the board. Coauthor of Competition and Choice in Electricity with Graham Shuttleworth (0471957828), she has served as Corporate Economist at Con Edison, Deputy Director of the New York City Energy Office, and Assistant Administrator of the New York City Environmental Protection Administration. Over the years, financial professionals around the world have looked to the Wiley Finance series and its wide array of bestselling books for the knowledge, insights, and techniques that are essential to success in financial markets. As the pace of change in financial markets and instruments quickens, Wiley Finance continues to respond. With critically acclaimed books by leading thinkers on value investing, risk management,asset allocation, and many other critical subjects, the Wiley Finance series provides the financial community with information they want. Written to provide professionals and individuals with the most current thinking from the best minds in the industry, it is no wonder that the Wiley Finance series is the first and last stop for financial professionals looking to increase their financial expertise.

Financial Methods in Competitive Electricity Markets

Financial Methods in Competitive Electricity Markets
Author: Shijie Deng
Publsiher: Anonim
Total Pages: 278
Release: 1999
ISBN 10:
ISBN 13: UCAL:C3442041
Language: EN, FR, DE, ES & NL

Financial Methods in Competitive Electricity Markets Book Review:

Economics of Electricity

Economics of Electricity
Author: Anna Cretì,Fulvio Fontini
Publsiher: Cambridge University Press
Total Pages: 366
Release: 2019-05-30
ISBN 10: 1107185653
ISBN 13: 9781107185654
Language: EN, FR, DE, ES & NL

Economics of Electricity Book Review:

This comprehensive and up-to-date book explains the economic rationale behind the production, delivery and exchange of electricity. Cret and Fontini explain why electricity markets exist, outlining the economic principles behind the exchange and supply of power to consumers and firms. They identify the specificities of electricity, as compared to other goods, and furthermore suggest how markets should be optimally designed to produce and deliver electricity effectively and efficiently. The authors also address key issues, including how electricity can be decarbonized. Written in a technical yet accessible style, this book will appeal to readers studying power system economics and the economics of electricity, as well as those more generally interested in energy economics, including engineering and management students looking to gain an understanding of electricity market analysis.

Valuation Hedging and Speculation in Competitive Electricity Markets

Valuation  Hedging and Speculation in Competitive Electricity Markets
Author: Petter L. Skantze,Marija Ilic
Publsiher: Springer Science & Business Media
Total Pages: 214
Release: 2012-12-06
ISBN 10: 146151701X
ISBN 13: 9781461517016
Language: EN, FR, DE, ES & NL

Valuation Hedging and Speculation in Competitive Electricity Markets Book Review:

The challenges currently facing particIpants m competitive electricity markets are unique and staggering: unprecedented price volatility, a crippling lack of historical market data on which to test new modeling approaches, and a continuously changing regulatory structure. Meeting these challenges will require the knowledge and experience of both the engineering and finance communities. Yet the two communities continue to largely ignore each other. The finance community believes that engineering models are too detailed and complex to be practically applicable in the fast changing market environment. Engineers counter that the finance models are merely statistical regressions, lacking the necessary structure to capture the true dynamic properties of complex power systems. While both views have merit, neither group has by themselves been able to produce effective tools for meeting industry challenges. The goal of this book is to convey the fundamental differences between electricity and other traded commodities, and the impact these differences have on valuation, hedging and operational decisions made by market participants. The optimization problems associated with these decisions are formulated in the context of the market realities of today's power industry, including a lack of liquidity on forward and options markets, limited availability of historical data, and constantly changing regulatory structures.

Competitive Electricity Markets

Competitive Electricity Markets
Author: Wladyslaw Mielczarski,G. Michalik
Publsiher: Nova Science Pub Incorporated
Total Pages: 207
Release: 1998
ISBN 10:
ISBN 13: PSU:000033697796
Language: EN, FR, DE, ES & NL

Competitive Electricity Markets Book Review:

Open electricity, competitive electricity markets are characterized by two main features. First, everyone who is able to satisfy technical and financial obligations has access to generation and retail of electrical energy. Second, electrical energy as a product is separated commercially from transmission and distribution as a service. Reforms to the electricity supply industry have been introduced in several countries. This has resulted in the competitive wholesale market. This book is a comprehensive presentation of the competitive electricity markets.

Power System Operations and Electricity Markets

Power System Operations and Electricity Markets
Author: Fred I. Denny,David E. Dismukes
Publsiher: CRC Press
Total Pages: 152
Release: 2017-12-19
ISBN 10: 1420058452
ISBN 13: 9781420058451
Language: EN, FR, DE, ES & NL

Power System Operations and Electricity Markets Book Review:

The electric power industry in the U.S. has undergone dramatic changes in recent years. Tight regulations enacted in the 1970's and then de-regulation in the 90's have transformed it from a technology-driven industry into one driven by public policy requirements and the open-access market. Now, just as the utility companies must change to ensure their survival, engineers and other professionals in the industry must acquire new skills, adopt new attitudes, and accommodate other disciplines. Power System Operations and Electricity Markets provides the information engineers need to understand and meet the challenges of the new competitive environment. Integrating the business and technical aspects of the restructured power industry, it explains, clearly and succinctly, how new methods for power systems operations and energy marketing relate to public policy, regulation, economics, and engineering science. The authors examine the technologies and techniques currently in use and lay the groundwork for the coming era of unbundling, open access, power marketing, self-generation, and regional transmission operations. The rapid, massive changes in the electric power industry and in the economy have rendered most books on the subject obsolete. Based on the authors' years of front-line experience in the industry and in regulatory organizations, Power System Operations and Electricity Markets is current, insightful, and complete with Web links that will help readers stay up to date.

On the Efficiency of Competitive Electricity Markets with Time invariant Retail Prices

On the Efficiency of Competitive Electricity Markets with Time invariant Retail Prices
Author: Severin Borenstein,Stephen P. Holland
Publsiher: Anonim
Total Pages: 34
Release: 2003
ISBN 10:
ISBN 13: OCLC:249587391
Language: EN, FR, DE, ES & NL

On the Efficiency of Competitive Electricity Markets with Time invariant Retail Prices Book Review:

The standard economic model of efficient competitive markets relies on the ability of sellers to charge prices that vary as their costs change. Yet, there is no restructured electricity market in which most retail customers can be charged realtime prices (RTP), prices that can change as frequently as wholesale costs. We analyze the impact of having some share of customers on time-invariant pricing in competitive electricity markets. Not only does time-invariant pricing in competitive markets lead to outcomes (prices and investment) that are not first-best, it even fails to achieve the second-best optimum given the constraint of time-invariant pricing. We then show that attempts to correct the level of investment through taxes or subsidies on electricity or capacity are unlikely to succeed, because these interventions create new inefficiencies. In contrast, increasing the share of customers on RTP is likely to improve efficiency, though surprisingly, it does not necessarily reduce capacity investment, and it is likely to harm customers that are already on RTP

Retail Service Design in Evolving Competitive Electricity Markets

Retail Service Design in Evolving Competitive Electricity Markets
Author: Putnam, Hayes & Bartlett,Electric Power Research Institute,Electricité de France (EdF)
Publsiher: Anonim
Total Pages: 329
Release: 1996
ISBN 10:
ISBN 13: OCLC:37192080
Language: EN, FR, DE, ES & NL

Retail Service Design in Evolving Competitive Electricity Markets Book Review: